London-headquartered global asset manager Schroders has appointed Alex Tedder head of global equities.

London-headquartered global asset manager Schroders has appointed Alex Tedder head of global equities.

He officially starts in June, joining from American Century Investments, where he was senior vice president and co-head of global and non-US large cap strategies - managing a 15-strong team and $21 billion of assets.

Tedder will takeover from current equities head Peter Harrison and be responsible for business management and strategic planning.

Simon Webber, lead portfolio manager of global equities, retains his investment focus. There will be no change to the team’s investment style or the main elements of the investment process, the firm said.

“Alex  is a strong investor with 20 years’ experience and is an excellent cultural fit with our existing global equities team, consisting of eight global sector specialists and two portfolio managers,” said Harrison, current global head of equities.

Tedder is seen as the official replacement for former equities head Virginie Maisonneuve, who left Schroders to join US fund giant Pimco at the end of last year.

Yesterday, Schroder Investment Management North America named Denis Parisien as a portfolio manager and member of the emerging market debt team, reporting to James Barrineau, co-head of emerging market debt relative.