Schroders has appointed former JP Morgan banker Oliver Gregson as CEO of wealth management to replace Mary-Anne Daly, who will step back from her full-time responsibilities at the end of June to make time for other interests.

Mr Gregson’s appointment will be effective from 2 June, subject to regulatory approval.

He was previously region head for the UK, Ireland, and the Channel Islands at JP Morgan Private Bank, where he repositioned the business and drove the bank’s expansion into new markets.

He will join Schroder’s group executive committee and report to Richard Oldfield, group chief executive.

Mr Gregson will assume responsibility for Cazenove Capital, Benchmark and Schroders Personal Wealth in the UK. He will also lead and be responsible for the expansion of Schroders’ Wealth business internationally. 

He has 25 years of experience in wealth management, private banking and asset management, having held senior roles across the UK, Europe, and international markets, with jobs spanning both the institutional and retail side of financial services. 

Ms Daly, who joined Schroders with the group’s acquisition of Cazenove Capital in 2013, will continue as a strategic adviser to Schroders’ wealth business.

Richard Oldfield, group chief executive at Schroders, said: “Mary-Anne has been central to our success in growing our wealth management segment and making it the strong business that it is today. I want to thank her for her achievements and inspirational leadership.

"Oliver’s appointment comes at an important time for Schroders as we continue to expand our wealth management capabilities. We look forward to working with him." 

Oliver Gregson said: “As clients navigate an increasingly dynamic and complex financial landscape, the demand for trusted, high-quality, and holistic advice has never been greater. 

“Schroders’ investment expertise across public and private markets, its client-first culture, and rich family heritage make it uniquely positioned to meet these evolving needs. The firm has ambitious plans to expand and enhance its wealth management offering.”