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Schroders, Lloyds wealth venture appoints former IG Group boss as CEO

Reuters

LONDON (Reuters) - Schroders Personal Wealth (SPW), a joint venture between Schroders <SDR.L> and Lloyds Banking Group <LLOY.L>, said on Monday it has appointed former IG Group executive Peter Hetherington as chief executive officer.

Hetherington will replace James Rainbow, who led the business in its launch phase and now becomes head of UK distribution and Latin America at Schoders, the company said.

Among several non-executives to join the board of directors of SPW is Dena Brumpton, former CEO of Barclays Savings, Investments and Wealth Management, and Adam Seale, previously CEO of investment platform Interactive Investor.

(Reporting by Simon Jessop, Editing by Lawrence White)