Deals & People May 12, 2014

Schroders Names North America Institutional Leader

Global asset management firm Schroders hired Marc Mayer to lead its institutional business initiatives in North America.
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“We are privileged to find someone of Marc’s caliber to lead the next leg of growth of our institutional business in North America. Our strategy is to expand our business in core asset classes such as global equities, multi-asset and multi-sector fixed income. Marc’s experience in offering both alpha and solutions capabilities underscores our commitment to becoming a strategic investment partner to North American institutions across all segments,” says Karl Dasher, Schroders CEO of North America, who is based in New York.

Mayer brings more than 25 years of senior investment leadership experience to Schroders. Most recently, he served as CEO of GMO LLC. Prior to that, Mayer spent 20 years at AllianceBernstein, where he served in various leadership roles including, head of Institutional Research, head of Institutional Brokerage, global head of Institutions, global head of Retail, and CIO of Multi-Asset.

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Schroders, headquartered in London, has experienced significant growth in its U.S. institutional business during the past five years, with AUM rising from $15.8 billion as of December, 31, 2009, to $35.20 billion as of March 31, 2014.

Products May 12, 2014

Lexington Unveils RIA Registration Service

Compliance consulting firm Lexington Compliance launched a registered investment adviser (RIA) registration service to help clients establish and manage new independent financial services firms.
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Lexington Compliance, a division of RIA in a Box, says the registration services will serve as a one-stop solution that can formalize and streamline the entire RIA firm start-up process. Registration clients will receive assistance on regulatory compliance with customized form creation and filing; personalized compliance manual and advisory agreements; ongoing post-registration compliance support; and access to the MyRIACompliance.com compliance management solution.

The service also includes an in-depth consultation on key technology systems and customer relationship management (CRM) capabilities. Lexington consultants assess firms in the areas of portfolio management and performance reporting, financial planning, electronic document management, email communications and social media usage. Other services include a consultation with a certified public accountant, legal expert consultation, paperwork assistance, strategic partner access for business financing and errors and omissions insurance.

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“Our service enables new RIA firms to set up their operations in an efficient, compliant and worry-free manner,” explains Steven Drachman, director of registrations for Lexington Compliance. “We will help support the process of turning the desire of starting a new firm into an exciting reality.”

The premium registration service begins at $10,500. Customized price quotes will be based on the location of the firm, the number of jurisdictions requiring registration and the number of individual investment adviser representatives. For more information, visit www.lexcompliance.com.

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