Former Schroders head of multi-manager Andrew Yeadon is set to join Old Mutual subsidiary Nedgroup Investments, Money Marketing understands.
Yeadon, who departed Schroders last year, is set to join the Isle of Man-based subsidiary as chief investment officer, according to sources familiar with the situation.
The ex-Schroders boss is understood to be one of a number of appointments to be announced by the Douglas-based company.
Yeadon found his job made redundant after the group decided to merge the multi-asset and multi-manager teams.
Nedgroup Investments is tasked to develop, distribute and support parent Nedbank‘s local and international retail and institutional investment product.
The subsidiary currently offers nine funds within two fund ranges, including three multi-manager funds within its Nedgroup Investments Multifunds range.
The remaining six – Global Equity, Global Balanced, Global Cautious, US Dollar Fund, Sterling and Euro funds – are managed by external managers.