LONDON, Sept 26 (Reuters) - UK fund manager Schroders ( SHNWF )

said on Thursday it had appointed a new finance chief

and elevated its group investment chief to its board, the latest

appointments as it seeks to reboot its performance.

Meagen Burnett, current group chief operating officer, will

become chief financial officer, Schroders ( SHNWF ) said in a statement,

while Johanna Kyrklund, its group chief investment officer

(CIO), will join the board.

Both appointments take effect from Jan. 1 next year and are

subject to regulatory approval, Schroders ( SHNWF ) said.

Schroders ( SHNWF ) named a new CEO this month, appointing then-Chief

Financial Officer Richard Oldfield in an attempt to reboot

performance against a backdrop of skittish investor sentiment

and industry-wide pressure on fees.

Mid-sized British firms like Schroders ( SHNWF ) that focus on active

funds have been squeezed by competition from cheaper

index-tracking products sold by giants such as BlackRock ( BLK ) and

State Street Global Advisors, as well as inflationary pressures

on costs.

Schroders ( SHNWF ), which started out financing trade between America

and Europe and infrastructure, today is focused on managing

money for pension funds, wealthy families and rich

entrepreneurs. As of June it had 773.7 billion pounds ($1.03

trillion) of assets under management.

Burnett joined Schroders ( SHNWF ) in January 2023, and currently

oversees operations and technology, Schroders ( SHNWF ) said. She has over

25 years' experience in financial services, with prior roles at

firms including J.P. Morgan and Goldman Sachs ( GS ).

Kyrklund, who was hired by Schroders ( SHNWF ) in 2007, became group

CIO in 2019. In her new board role, she will oversee investment

performance across all business lines, the statement said.

($1 = 0.7493 pounds)