Schroders’ Apac product and intermediary head quits
The Asia-Pacific head of intermediaries and product at Schroders has quit after six years with the UK asset manager in another change in regional leadership, AsianInvestor can reveal.
Singapore-based Showbhik Kalra resigned from the £444 billion ($572 billion) fund house to pursue personal interests outside the industry, a spokesman confirmed.
Amy Cho, who has been managing the regional intermediary business with Kalra, will assume responsibility for that client segment. Kalra's product responsibilities will be reassigned.
Cho had joined Schroders last December as Hong Kong chief executive and Asia head of intermediary business.
The firm's Asia-Pacific chief executive, Lieven Debruyne, was appointed global head of distribution in September to replace John Troiano, who will retire at the end of this year.
Debruyne will stay in Hong Kong until summer next year and will remain responsible for the Asia-Pacific business until his successor is announced in due course.
Kalra had joined Schroders in late 2013 and his role had expanded to include intermediaries coverage in June 2016, when Debruyne, formerly Asia-Pacific head of intermediary business, was promoted to regional chief.
AsianInvestor could not ascertain what Kalra's future plans might be.