Schroders’ chief executive Greg Cooper has announced he would be stepping down from his role at the end of the year.
Following this, Chris Durack, currently chief executive of Schroders Hong Kong, would return to Australia to assume the position, the firm said.
Durack first joined Schroders as head of distribution in Australia in 2011 and prior to that he was chief executive of New South Wales-based State Super Corporation.
Schroders’ chief executive, Asia Pacific, Lieven Debruyne thanked Cooper for his contribution to the Australian business for the past 12 years.
“Schroders has benefitted hugely from Greg’s leadership in Australia and I have also greatly valued Greg as a mentor and friend for many years,” Durack said.
“I’m looking forward to re-joining my colleagues in the Australian business to continue the focus on delivering the right investment solutions for our clients.”