Schroders Australia has appointed a new business development manager (BDM) as the firm looks to further broaden its footprint in the intermediary market.
The Australian investment manager has hired Eliza Weaving as a BDM in its intermediary team.
Weaving joins from Capital Group, where she held the position of distribution director for over five years. Prior to this, the BDM was a national distribution manager at SG Hiscock for three years and held similar experience at Equity Trustees, Vanguard Investments Australia and AXA.
In the new role, she will oversee the Victorian, South Australian, West Australian and Tasmanian regions, and report directly to Jude Fernandez, Schroders’ head of intermediary.
According to Fernandez, Weaving’s broad history in the investment management industry spanning more than 20 years will support Schroders Australia as it plans to grow its national presence in the intermediary market.
“Eliza is an experienced distribution manager with a proven track record in the investment management industry. With over two decades of knowledge and expertise in various business development and distribution roles, I am confident she will make an immediate impact on our team and our clients,” the head of intermediary remarked.
“As a global asset and wealth manager, Schroders delivers a broad range of investments designed to meet the diverse needs of advisers and their clients. Eliza’s experience in customer relationships, asset management, pension funds, investment strategies and retirement planning will bring additional benefits to our wider business.”
Schroders Australia holds $34.43 billion in assets under management, as at 31 March 2024.
Earlier this year, the firm announced it had merged its Australian fixed income and Australian multi-asset teams under a combined investment capability to improve the alignment of the firm’s strategies with the evolving needs of clients.
This saw Stuart Dear, head of Australian fixed income, depart the firm after 11 years. He joined the firm in 2012 from a role as a senior portfolio manager at abrdn.
“Schroders is optimistic about the outlook for these asset classes and remains committed to delivering active fixed income and multi-asset solutions to our clients in Australia and New Zealand. These changes seek to ensure we are making the best use of our local resources and signify our strong commitment to providing leading investment solutions tailored to our clients’ needs,” the firm previously commented.
Last month, Sebastian Mullins, head of Schroders’ new combined fixed income and multi-asset division, said the move was a way of “future-proofing” the business.
