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Monday, June 09, 2008

Two Regional Sales Execs Join Schroders

News summary by MFWire's editors

The New York-based asset manager just unveiled new hires for institutional and intermediary sales teams. On Monday Schroders confirmed that Shaun Levesque and Michael Jenacova have signed on as institutional sales director for the East Coast and Southeast intermediary sales director.

Jenacova most recently served as a senior regional vice president for DWS Scudder Distributors, where he sold mutual funds and structured products in Georgia and North and Central Florida through broker-dealers, and he is also a SunTrust Investment Services alum. He reports to Carter Sims, head of US intermediary distribution for Schroders, and is based in Atlanta.

Levesque was a founder and managing partner at hedge fund of funds Twin Lights Capital and is also an alum of Baring Asset Management, Fidelity and Interactive Data Corp. He reports to Dean Allen, head of US institutional distribution for Schroders, and is based in Boston.

Company Press Release

Schroders Adds Key Sales Executives

- New Hires Demonstrate Sales Growth in North America -

NEW YORK, June 9 /PRNewswire-FirstCall/ -- Schroders, the $259 billion* global asset manager, today announced two new hires as part of the firm's North American institutional and intermediary business expansion, which includes its subadvisory, broker-dealer, financial advisor and DCIO distributions. Shaun Levesque has been hired as Institutional Sales Director responsible for the US East Coast, will be based in Boston and report to Dean Allen, Head of US Institutional Distribution. Michael Jenacova has been hired as Sales Director, Southeast, will be based in Atlanta and report to Carter Sims, Head of US Intermediary Distribution. Mr. Levesque and Mr. Jenacova will be joining Schroders sales force as the firm continues to solidify its market coverage and presence in key geographic regions.

"Expanding our business in the Americas with both institutional and intermediary clients is a strategic priority for Schroders. 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.," said Jamie Dorrien-Smith, CEO Schroders, Americas. "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."

Shaun Levesque joins Schroders from Twin Lights Capital, a Hedge Fund of Funds where he was a Founder and Managing Partner. Prior to Twin Lights, Shaun was at CDC IXIS Asset Management Associates as President and Chief Executive Officer 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.

Michael Jenacova joins from DWS Scudder Distributors, Inc. where he was Senior Regional Vice President responsible for mutual fund and structured product sales to wire houses and broker dealers in the Georgia and North and Central Florida region. Prior to that, he was First Vice President, SunTrust Investments Services, Inc. having spent nine years with several responsibilities including developing a Retirement Education/ IRA Rollover Program and Mutual Fund and SMA product distribution.

Notes to Editors

Schroder Investment Management North America Inc.

Schroder Investment Management North America Inc. is a unit of Schroders plc (SDR.L), a global asset management company with approximately $259 billion under management as of March 31, 2008. Our clients include major financial institutions such as banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, and high net worth individuals and retail investors.

Our aim is to apply our dedicated asset management skills in serving the needs of our clients worldwide and in delivering value to our shareholders. With one of the largest networks of offices of any dedicated asset management company and over 325 portfolio managers and analysts covering the world's investment markets, we offer our clients a comprehensive range of products and services.

Further information about Schroders can be found at www.schroders.com/us Issued by Schroder Investment Management North America Inc.

*As of March 31, 2008


Schroders has expressed its own views and opinions in this document and these may change.

Performance can go down as well as up and is not guaranteed.

The views and forecasts contained herein are those of Schroder Investment Management North America Inc. and are subject to change. The information and opinions contained in this document have been obtained from sources we consider to be reliable. No responsibility can be accepted for errors of facts obtained from third parties. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions.

First Call Analyst:
FCMN Contact:

Source: Schroders

CONTACT: Jennifer Manser, Schroders, New York, +1-212-632-2947, or Jennifer Williams, FD, +1-212-850-5775

Web site: http://www.schroders.com/us 

Edited by: Neil Anderson, Managing Editor

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