Schroders to offer wealth management services to US expats

Hires RBC's Martin Heale

Schroders is opening up to the US private wealth market with the launch of London-based Schroder Wealth Management (US), which will sit alongside its subsidiary Cazenove Capital.

The company will offer wealth management services to high-net-worth US clients resident in the UK and North America, subject to regulatory approvals.  Managing director of RBC's Americas private wealth team Martin Heale will head Schroder Wealth Management (US) team when he joins the firm in August. Heale also previously served as head of private wealth management at Kleinwort Benson, which he joined in 2005, and UK team head at Barclays Private Bank. Schroders appoints global sales head from UBS Wealth Management He will be joined by Mary-Anne Daly, who will take on the role of...