The soon-to-be chief executive of Schroders Peter Harrison is set to resign as non-executive chairman of RWC Partners, with Nicky Richards, global head of equities at Schroders set to take over.
Harrison became non-executive chairman of RWC, the group where he was chief executive for eight years, after he left the firm in 2014 for Schroders.
Earlier this month Schroders announced Harrison will succeed Michael Dobson as chief executive on 4 April.
Dan Mannix, CEO of RWC, said Harrison is set to resign as chairman in the coming weeks.
"We have known for some time for that Peter's role at Schroders would take up an increasing amount of his time and we have discussed the long-term structure of the RWC board.
"We want to continue to have a board that will support growth, the people in the organisation and shareholders.
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"Peter is set to resign and Nicky Richards will take over as non-executive chairman."
Richards, who will continue in her role at Schroders, has already joined the board as non-executive director.
She began her investment career at Schroders in 1987 as an assistant fund manager and went on to hold a number of senior roles in the firm including head of Australia and head of Hong Kong. She subsequently left the firm for roles at Fidelity International MLC Investment Management in Australia but re-joined Schroders in 2014 as global head of equities.
RWC has seen massive expansion over the last three years with AUM growing from $4.5bn to just under $12bn, and in 2015 alone saw net inflows of $3.2bn.
Mannix added: "There is a huge amount of opportunity for us particularly as EMs come back into favour."
RWC hired a emerging markets team from Everest Capital last year, and launched a UCITS fund for retail investors.
Schroders owns around 49% of RWC.
