Schroders has promoted Chris Durack, country head of Australia, to co-head of Asia Pacific, as the firm recognises the ‘rapid growth’ it has seen in Asia Pacific.
He will share the responsibility with Susan Soh, country head of Singapore, from Q2 2020 and they will both retain their existing country roles.
Durack had worked as head of Australia since 2018 and joined Schroders from NSW State Super Corporation in 2011 as head of distribution.
The pair succeed Lievan Debruyne who was appointed to global head of distribution earlier this year.
Peter Harrison, Schroders’ group chief executive, said: “Schroders recognises the importance of the Asia Pacific region, which has seen rapid growth and offers continued opportunities for our clients.
“Our focus on the region is a key part of our ongoing strategy, so it is critical for us to ensure we have best-in-class leadership, ensuring we can meet the needs of new and existing clients.”
Debruyne said: “I am pleased to hand over leadership of the APAC business to established senior leaders Chris Durack and Susan Soh. With their combined wealth of industry and client engagement experience, our strong performing business across Asia Pacific is well positioned for the next stage of growth”.
Meanwhile, the firm had hired Noriaki Kurose from Pictet Asset Management as country head of Japan, succeeding Shigesuke Kashiwagi. Kurose was previously managing director and board director at Pictet.