London-based asset manager Schroders has appointed Meagen Burnett as Chief Financial Officer, succeeding Richard Oldfield who was named Group Chief Executive earlier this month.
In addition, Group Chief Investment Officer Johanna Kyrklund will now sit on the board of Schroders along with Burnett.
Richard Oldfield, incoming Group Chief Executive, said: “My initial priority is to build on strong foundations, and focus on simplification, commercial discipline and flawless execution, which will accelerate our transition to growth.
“In the year that I have worked with Meagen, I’ve seen first-hand the incredible rigour she has brought to her role as Group Chief Operating Officer. I know she will do the same in shaping our commercial decision-making and drive efficiencies in our business processes, leveraging our investment in technology.”
Burnett joined Schroders in January 2023, and as Group Chief Operating Officer, has firm-wide responsibility for operations, technology, and change.
As CFO, she will take direct responsibility for financial management, capital, and treasury, with oversight of operations and technology. With more than 25 years’ experience in financial services, including 15 years in asset management, she has held various operational, audit, risk and IT control roles within M&G, J.P. Morgan, Goldman Sachs and KPMG. She is a qualified chartered accountant.
Kyrklund joined Schroders in 2007 as an investor to lead the UK Multi-Asset business. In 2019, she became Group CIO and in her new role on the Board, will now be responsible for the oversight of investment performance across all business lines.
Oldfield will succeed Peter Harrison as Group Chief Executive on 8 November 2024, subject to regulatory approval. Burnett will act as interim CFO from 8 November 2024, until her formal appointment on 1 January 2025.
