Peter Hall will continue to oversee Schroders’ global wealth strategy and chair the Cazenove Capital and Benchmark boards.

Mary-Anne Daly will retain her role as chief executive of wealth manager Cazenove Capital, which is owned by Schroders, while also taking ultimate responsibility for the wealth management offices in the Channel Islands, Switzerland, and Singapore.

She will chair the boards of Schroders Channel Islands Ltd, Schroders Bank AG, and Schroders Asia Ltd.

Meanwhile, In recognition of the support that he provides to Mary-Anne Daly in the daily management of Cazenove Capital, Dominic Emmerson has become deputy chief executive of Cazenove Capital.

Peter Harrison, group chief executive officer, Schroders said: “One of the most important things we can do to future-proof the growth of Schroders is to recognise the industry's best talent, most diverse thinkers and to provide our people with career development opportunities.

“The success of our wealth management business over the last few years suggests the strategy is right and that we are executing well on it. I look forward to continuing to work with Peter Hall and Mary-Anne Daly in their new roles.”