Schroders : US Small Cap and US Small and Mid Cap (SMID) Equities team changes

Schroders is today announcing that Bob Kaynor, Co-Portfolio Manager of the US Small and SMID Cap Equities, is to become Head of US Small Cap and SMID Equities. After more than 16 years at Schroders and an investment career spanning nearly four decades, Jenny Jones, fund manager and Head of US Small Cap and SMID Equities, has decided to retire from Schroders later this year.

Prior to becoming US Small and SMID Cap Equities Co-Portfolio Manager in January 2018, Bob was Director of Small and SMID Cap Research, a position he held since 2014. Bob's investment track record and leadership skills make him well-suited for the role of Head of US Small Cap and SMID Equities.

Before this Bob was the Chief Investment Officer and Managing Member at Ballast Capital Group from 2010 to 2013. He was previously a Managing Director/Portfolio Manager at Ramius Capital Group from 2003 to 2010. His investment career spans over 20 years, of which six years have been at Schroders. He is a CFA charter holder and has a BSc in Economics with Financial Applications from Southern Methodist University.

Nicky Richards, Global Head of Equities at Schroders, said:

'At Schroders we have great strength and depth of experience within our US Small Cap and US Small and Mid Cap (SMID) Equities team. Jenny has built a team of experienced investment professionals who have worked together within the same investment process for many years and generated strong risk adjusted returns for our clients.Bob's investment track record and leadership skills tell us he is the right person for the job.'

Jenny Jones will continue in her role as fund manager and head of the team until 31 March 2019. During this time, a comprehensive handover of responsibilities will be completed. After this time, Bob will take on leadership of the team and Jenny's portfolio management responsibilities. Jenny will be available in an advisory capacity for several months.

Jenny Jones, Head of US Small Cap and SMID Equities at Schroders, said:

'I am very proud of my tenure at Schroders over 16 years and have always been focused on my fiduciary responsibility as an investor with our clients' objectives in mind. In planning for a successor to my role that was a critical component as I wanted to ensure consistency in our process and approach. I am pleased that Bob shares that passion and is supported by a strong team that will aim to continue delivering strong risk adjusted returns to our clients over time.'

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