Schroder UK Growth board plans beauty parade for Dean replacement

The board of the Schroder UK Growth trust, previously run by Julie Dean, is planning to review alternative managers for the trust in the next few weeks following the manager's departure.

In an update to the market, the board announced plans to conduct a beauty parade of potential managers replace the team left behind by Dean (pictured). Though chairman Alan Clifton said the board is happy for Schroders' remaining business cycle investment team to continue running the trust for the time being, plans to review the arrangement are underway. "A full review of potential long-term management options is in shareholders' interests," he said. "The board, in conjunction with its advisers, intends to speak to a limited number of potential managers with the credentials and cap...