Schroders appoints wealth risk chief

The appointment of a chief risk officer for the private banking and wealth management team comes just weeks after the firm hired a treasury chief

Schroders has recruited Andrew Shiels, who most recently worked as a risk consultant for Lloyds, as chief risk officer for the private banking and wealth management team on a consultancy basis, according to individuals familiar with the organisation.

Shiels has been tasked with developing the risk management framework within the division, which was recently expanded as a result of the acquisition of Cazenove Capital. His responsibility extends to operations in London, the Channel Islands, Zurich and Singapore.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.