UK listed investment manager Schroders makes senior appointments.

Schroders has appointed Phil Middleton (pictured) as UK head, starting in January 2025.

Middleton has a track record of working in the UK market, having spent most of his career based in London. He joined Schroders in 1992, and during his 32-year tenure has served in roles across the business in distribution and marketing, the firm said in a statement. James Rainbow, current head of UK, will be leaving Schroders to pursue opportunities outside of the business, the firm added.

In 2020, Middleton moved to New York to take on the role of head of institutional distribution, North America, overseeing direct sales, relationship management and consultant relations. He became CEO of North America in January 2022 and was subsequently appointed in June 2023 as CEO Americas, the firm continued.

Tom Darnowski, who has just been promoted to CEO Americas, has been with Schroders since 2013 leading product development across the Americas. Most recently, he was global head of product strategy, where he oversaw Schroders’ global product range.

Middleton and Darnowski will continue to report to Karine Szenberg, global head of client group at Schroders.

“Phil has played a fundamental part in further establishing and growing our business and brand presence across the Americas over the last four years, with the firm being recognized as a Top 10 institutional asset manager in the US in 2024,” Szenberg said. "We are excited to welcome Phil back to the UK, a market that he knows extensively and where he already has a well-established track record. The UK is an important and valued market for Schroders and we believe now is the right time for Phil to return to lead this part of our business.” 

Szenberg also welcomed the fact that Darnowski has been promoted to the role of CEO Americas. “He has demonstrated consistent dedication to meeting the needs of our global client network and has an exceptional understanding and knowledge of the Americas business and its clients,” she said. 

Schroders is a global investment manager, providing asset and wealth management as well as investment solutions, with £773.7 billion ($978 billion) of assets under management.