Schroders plc and Lloyds Banking Group plc have revealed the 10-strong leadership team of the firm’s new joint venture Schroders Personal Wealth.

Subject to regulatory approval, the executive leadership team will be led by chief executive James Rainbow, who is currently co-head of UK intermediary at Schroders, a role he has held since 2016.

Mr Rainbow will be supported by Nick Allen, who is currently chief operating officer (COO) group transformation at Lloyds and will take on the role of COO at Schroders Personal Wealth.  Marcus Brookes, Schroders’ current head of multi-manager, will join him as chief investme...