UK fund manager Schroder Investment Management has hired Karl Dasher to head its product and marketing division. He was formerly global chief investment officer at SEI Investments, the US-based multi-manager.

Mr Dasher will assume overall responsibility for all Schroders' product and global marketing activities. He replaces Robert Higginbotham, who joined Fidelity International last April to head its European funds business.

Mr Dasher, who is to be based in London, will join both the global distribution and the global investment executive committee at Schroders. He will report to vice chairman Massimo Tosato.

SEI chairman and chief executive Al West is to work with the firm's senior investment management unit managers to continue the delivery of SEI’s investment strategies and solutions until a replacement has been appointed.

Schroders has also promoted Lieven Debruyne as its new chief executive for Hong Kong as of 1 February. He replaces Elisabeth Scott, who is returning to the UK.

Mr Debruyne is currently the regional head of Schroders retail business for Asia, excluding Japan and Australia. He will be reporting to Lester Gray, Schroder's Asia-Pacific chief executive, in Singapore.

Schroders has more than $280 billion in assets under management worldwide.