Schroders has appointed of Oliver Gregson as CEO, Wealth Management.
He will from June replace Mary-Anne Daly, who will be stepping back from her full-time responsibilities to make time for other interests, but will continue as a strategic adviser to Schroders’ Wealth business.
Gregson will join the Group Executive Committee and report to Richard Oldfield, Group Chief Executive.
He will assume responsibility for Cazenove Capital, Benchmark and Schroders Personal Wealth in the UK. He will also lead and be responsible for the expansion of Schroders’ Wealth business internationally.
Gregson brings 25 years of experience in wealth management, private banking and asset management, having held senior roles across the UK, Europe, and international markets. His career has spanned both the institutional and retail side of financial services.
Before joining Schroders, he was Region Head for the United Kingdom, Ireland, and the Channel Islands at JP Morgan Private Bank, where he repositioned the business and drove the bank’s expansion into new markets.
Daly joined Schroders through the group’s acquisition of Cazenove Capital and was subsequently appointed to lead Schroders’ Wealth businesses in the UK and internationally.
Following Cazenove Capital’s acquisition in 2013, Schroders’ overall wealth business stood at £30 billion in AUM. Today, Schroders’ assets under management in Wealth have grown strongly to over £120 billion, contributing around 25% of Group profits.
Richard Oldfield, Group Chief Executive at Schroders, said: “Mary-Anne has been central to our success in growing our Wealth Management segment and making it the strong business that it is today. I want to thank her for her achievements and inspirational leadership, and I am delighted that she has agreed to stay with us in her new role as a strategic adviser to the business.
“Oliver’s appointment comes at an important time for Schroders as we continue to expand our wealth management capabilities. His extensive experience, strong leadership, and deep understanding of client needs make him well-placed to take the business forward. We look forward to working with him as we build on our success and further strengthen our offering in the UK and internationally.”
