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Schroders makes global equities senior hire

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Schroders has appointed Frank Thormann as Portfolio Manager in the company’s Global Equities team.

Thormann joins Schroders from Frankfurt-based Union Investment where he was a global portfolio manager and brings with him 17 years buy-side investment experience. Having initially focused on the North American component of Union’s Concentrated Global Equity portfolios, he assumed overall portfolio management responsibility for the UniFavorit Concentrated Global Equity Fund in early 2010. The fund achieved a five-star rating from Morningstar during his tenure. The strategy grew in assets from EUR190mn, at the time of Frank’s appointment, to more than EUR2 billion today.
 
Before joining Union Investment in 2008, Thormann worked at American Century Investments in Kansas City, USA, where he was a multi-industry analyst for the American Century Ultra Fund, as well as for the AC Select Equity Fund.
 
Alex Tedder (pictured), Head of Global Equities, says: “Frank is a strong investor with a proven track record founded on an intimate knowledge of the US equity market, a significant constituent of our global equity portfolios. He is a genuine stock-picker with an investment approach that is entirely complementary to that of the team. He is a great addition to our existing capability.”

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