Robert Howell has left Schroders after 16 years with the investment company to pursue opportunities outside the financial industry.
Howell had also been lead manager on the Schroder Commodity fund, which has $2.6 billion in assets.
He is replaced in the role of head of commodities by Geoff Blanning, who is currently head of emerging markets debt, commodities and currencies group.
Blanning has 28 years of investment experience and has been overseeing the firm’s EMD, commodity and currency group for 15 years.
Schroders said the Schroder Commodity fund will undergo no changes in investment objectives following Howell’s departure.
Blanning will be aided in managing this fund by existing commodity managers Rodolphe Roche and Paula Bujia.
Commenting on the changes, a spokesperson for Schroders said: ‘We can confirm that Robert Howell has left to pursue opportunities outside of the financial services industry and we wish him well with his future.’
The Schroders Commodity SA de CV SIRV C0-C fund has lost 19.8% over the three years to the end of February 2014. This compares with a fall of 13.18% by its Citywire benchmark, the S&P Global Natural Resources TR, over the same period.