Schroders Seeks to Expand North American Institutional, Intermediary Business

Schroders announced two new hires as part of the firm's expansion of its subadvisory, broker/dealer, financial adviser, and defined contribution investment-only (DCIO) distributions.

Shaun Levesque, brought on as institutional sales director responsible for the East Coast, will be based in Boston and report to Dean Allen, head of U.S. Institutional Distribution. Michael Jenacova, hired as sales director, Southeast, will be based in Atlanta and report to Carter Sims, head of U.S. Intermediary Distribution. A Schroders announcement said the hires will solidify the asset manager’s market coverage in key geographic regions.

“Expanding our business in the Americas with both institutional and intermediary clients is a strategic priority for Schroders,’ said Jamie Dorrien-Smith, CEO of Schroders, Americas. “Our $259 billion in assets makes Schroders a major asset management player in most key markets across Europe and Asia and we are determined to achieve the same presence in the U.S. Shaun and Michael bring an impressive depth of experience in their respective channels; they are perfectly suited to helping Schroders develop and promote its innovative range of investment solutions.”

Levesque joins Schroders from Twin Lights Capital, a Hedge Fund of Funds where he was a founder and managing partner. Prior to Twin Lights, he was at CDC IXIS Asset Management Associates as president and CEO of CDC IXIS Associates and executive vice president of CDC IXIS Asset Management, North America. He also held positions at Baring Asset Management, Fidelity Investments, and Interactive Data Corp.

Jenacova joins from DWS Scudder Distributors, Inc., where he was senior regional vice president responsible for mutual fund and structured product sales to wirehouses and broker/dealers in the Georgia and North and Central Florida region. Prior to that, he was first vice president, SunTrust Investments Services, Inc.