Schroder Investment Management hired Ronald Albahary from SEI to lead Schroder's Strategic Investment Solutions initiatives in North America.

"This key new hire is part of the firm's continuing North American expansion plans," the company said. Albahary will lead efforts to build and deliver the asset manager's global multi-asset and quantitative investment capabilities to North American institutional clients and intermediaries. The firm launched a multi-asset growth product in the U.S. last December, and says it's seen a "real appetite" for the global tactical asset allocation strategy.

Albahary will be based in New York and report to Jamie Dorrien-Smith, chief executive of Schroders Americas. At SEI, he was managing director of global private client portfolio management since 2005. Previously he worked as the chief investment officer with Merrill Lynch Retirement Group, and before that he was a portfolio manager for Northern Trust Global Investments.