Scott MacLennan has been named co-manager on the £3.8bn Schroder Global Sustainable Growth fund, replacing Katherine Davidson who leaves the business.
MacLennan (pictured right) will also manage the Schroder Sustainable Growth and Income fund, and the international versions of both funds.
He currently manages the Schroder ISF European Sustainable Equity fund, but will hand this over to head of European blend Nicholette MacDonald-Brown at the end of July so he can focus on the global equity portfolios.
He will work alongside Charles Somers (pictured left), who has been co-manager on the Global Sustainable Growth strategy since its launch and is a senior portfolio manager on the global and thematic equity team.
The duo will work closely with the group’s active ownership and sustainable investment teams, led by Andy Howard, Schroders said.
“I am a firm believer that strong stakeholder relationships have a material impact on the long-term success of businesses,” said MacLennan.
“This aligns perfectly with the approach adopted for the Global Sustainable Growth strategy. I very much look forward to working with Charles and becoming part of the Global & Thematic Equity team.”
Former co-manager Davidson leaves Schroders to pursue another opportunity, driven in part by a lifestyle change, the group said.
“It has been a pleasure to work with such smart and dedicated people, both in the immediate team and across the firm,” said Davidson.
“I am very grateful to have had the opportunity to build my career at such a well-respected company and to have been part of such an exciting period in the firm’s growth and development, particularly within sustainability.”
This article was written by Hannah Smith, a freelance journalist