Schroders [see profile] has signed on David Jodka, previously with Wells Fargo Funds, as its national sales manager. The position is newly created.

David Jodka Schroders National Sales Manager

Jodka starts at Schroders today and reports to U.S. intermediary distribution head Carter Sims. Jodka leads a team of seven external wholesalers and four internals.

In an interview with The MFWire.com, Sims said Jodka's hiring is part of Schroders' strategic growth plan for its U.S. intermediary business.

Carter Sims Schroders Head of U.S. Intermediary Distribution

London-based Schroders is a 207-year-old company that has been in the U.S. market for 30 years. The company began building out its intermediary business in the U.S. five years ago. "We started from scratch and now we have a team of 26 people," Sims said.

Sims' group includes key accounts and marketing staff.

Aside from Jodka, Sims has two other direct reports: Erin Brenner, head of intermediary key accounts and Jennifer Manser, head of marketing and communications.

Sims' team focuses on three areas: fee-based advisors, the sub-advisory space and the defined contribution investment-only market.

Before joining Schroders, Jodka was a divisional sales manager with Wells Fargo Fund Distributor. Earlier, he was with Evergreen Investments. (Wells Fargo purchased Evergreen's parent, Wachovia Corp. in 2008). Before he worked at Evergreen, Jodka spent 14 years at MFS Fund Distributors.

Wells Fargo spokeswoman Lauren Sawyers told The MFWire the firm is interviewing potential candidates to replace Jodka.

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Company Press Release

Schroders Announces National Sales Manager, US Intermediary Distribution

David Jodka, CIMA®, strengthens its intermediary sales team to support continued growth in the US

NEW YORK, Sept. 6, 2011 -- Schroders, the $328.7 billion* global asset manager, today announced the appointment of David Jodka, CIMA®, as National Sales Manager, US Intermediary Distribution. Mr. Jodka will join Schroders as the sales manager to its onshore distribution team to further develop the company's intermediary business in North America. He will manage a team of 11 sales professionals, including four internal and seven external, to provide leadership and create synergies across the team. He will report to Carter Sims, Head of US Intermediary Distribution.

David has over 20 years' experience in the investment industry. He joins Schroders from Wells Fargo Funds/Evergreen Investment, where he was Divisional Sales Manager, Vice President - Funds Management Group. In this role he provided leadership to a team of wholesalers across the wirehouse and Independent/Regional and RIA channels on the East Coast and Central regions. Prior to Wells Fargo/Evergreen, David worked at MFS Fund Distributors, Inc. for almost 14 years, his last role as Regional Vice President, Broker/Dealer Channel. He has an MBA from Babson College and a BA in Psychology from Skidmore College and is a Certified Investment Management Analyst (CIMA®).

Commenting on the appointment, Carter Sims, Head of US Intermediary Distribution, said: "The addition of David in this new role reflects our continued success and growth in the US market over the last five years. We are committed to providing the US intermediary market with the highest level of service as they have come to expect from Schroders. We welcome David as a proven leader to continue to grow an already strong distribution team. He will help our team build on our current advisor relationships in the US and will help drive the team's future business strategy."

"I am extremely excited about joining Schroders," David says. "With an outstanding suite of competitive investment strategies across multiple asset classes and a highly skilled distribution team, I believe the firm is well-positioned to continue expanding our service to investors and clients across North America. I look forward to becoming a part of Schroders and working closely with the US Intermediary Distribution team as we build on the Schroders brand."

*As of June 30, 2011

Notes to Editors

Schroder Investment Management North America Inc.

Schroder Investment Management North America Inc. is a unit of Schroders plc (SDR.L), a global asset management company with approximately $328.7 billion under management as of June 30, 2011. Our clients include major financial institutions such as banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, and high net worth individuals and retail investors.

Our aim is to apply our dedicated asset management skills in serving the needs of our clients worldwide and in delivering value to our shareholders. With one of the largest networks of offices of any dedicated asset management company and over 340 portfolio managers and analysts covering the world's investment markets, we offer our clients a comprehensive range of products and services.

Schroder Investment Management North America Inc. ("SIMNA Inc.") is an investment advisor registered with the U.S. SEC. It provides asset management products and services to clients in the U.S. and Canada including Schroder Capital Funds (Delaware), Schroder Series Trust and Schroder Global Series Trust, investment companies registered with the SEC (the "Schroder Funds"). Shares of the Schroder Funds are distributed by Schroder Fund Advisors Inc., a member FINRA. SIMNA Inc. and Schroder Fund Advisors Inc. are indirect, wholly-owned subsidiaries of Schroders plc, a UK public company with shares listed on the London Stock Exchange.

Further information about Schroders can be found at www.schroders.com/us .

Issued by Schroder Investment Management North America Inc.

Disclaimer

Schroders has expressed its own views and opinions in this document and these may change.

The views and forecasts contained herein are those of Schroder Investment Management North America Inc. and are subject to change. The information and opinions contained in this document have been obtained from sources we consider to be reliable. No responsibility can be accepted for errors of facts obtained from third parties. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions.

SOURCE Schroder Investment Management North America Inc.

 

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