Ashley Lester has been appointed as the global head of research at Schroders within the investment house’s £77.3bn multi-asset investments and portfolio solutions business, and is set to join in July.
Mr Lester joins from MSCI where he was head of fixed income and multi-asset class research.
Before joining MSCI Mr Lester was head of market risk research at Morgan Stanley.
Mr Lester will join specialists in New York, and will report to Nico Marais, head of multi-asset investments and portfolio solutions.
Mr Marais said: “We are pleased to have Ashley lead our global research team as we deepen our experience and thought-leadership around portfolio construction, asset allocation, risk premia based investing and as we continue to build out our advanced beta capabilities.”
The appointment of Mr Lester comes after Schroders European equities manager James Sym said he was considering buying a Greek bank and telecom company if the country’s knife-edge bailout negotiations prove successful.
Mr Sym, who runs the £458m Schroder European Alpha Income fund, said there is a “misperception” about Greece and when such a thing happens in the market that is “where you make money”.
emma.hughes@ft.com
