Schroders is appointing Marc Brookman as chief executive officer of its North American operations.

Karl Dasher, the current CEO of North America and co-head of fixed income, will be leaving the firm at the end of the year. Before joining Schroders in 2018 as deputy CEO of North America, Brookman was managing director and head of institutional wealth services at Morgan Stanley. Prior to that role he was head of institutional and retirement at New York Life Investment Management.

Read: Schroders names new head of Canada, SLC new head of client solutions

“I am confident the appointment of Marc Brookman to CEO in North America will ensure we continue to service clients’ best interests across North America,” said Peter Harrison, group chief executive at Schroders, in a press release. “We thank Karl for the very positive contribution he has made to the firm.”

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