Geoff Blanning, Schroders' head of emerging market debt absolute return and commodities group, will retire in April after almost two decades at the firm, handing the commodities' team leadership to ex-Investec manager Mark Lacey.
Having worked at Schroders for almost 20 years and with an investment career spanning 32 years, Blanning will leave Schroders in April 2018.
Abdallah Guezour, currently head of emerging market debt absolute return, will take over the role in January 2018.
As a result and to ensure continuity, Lacey, who has worked closely with Blanning over the past three years as a fund manager for the Schroders Commodities Strategy, Global Energy and Global Gold funds, will take over the leadership of the commodities team and overall energy sector responsibilities from January.
Lacey has been a senior member of the commodities team since 2014 and has over 20 years' investment experience.
Prior to joining Schroders, he worked at Mercuria Global Energy Solutions where he was managing partner.
From 2008 to 2012, Lacey was co-manager of the Investec Global Energy funds and prior to that, he was co-head of the global energy team at Goldman Sachs International.
Nicky Richards, global head of equities at Schroders, commented: "I would like to thank Geoff for his outstanding contribution to Schroders over the past 19 years.
"He has built a robust business with a clearly defined investment philosophy, a robust investment process and a strong team culture.
"The appointments of Abdallah Guezour and Mark Lacey will give our clients absolute investment continuity. We have great strength and depth of experience within our emerging market debt absolute return and commodities group which has been proven through many different market environments since 2005."
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