Mallinckrodt replaces Robinson as Schroders UK Private Bank chief

Rupert Robinson, chief executive officer (CEO) of Schroders UK Private Bank, has left his position with his role being handed to Philip Mallinckrodt.

Robinson, a former Wealth Manager cover star, joined Schroders in 2002 from Beaumont Capital LLP, a specialist wealth management firm.

He came on board at the private bank as a managing director and head of investment within private banking.

He quickly rose through the ranks to become CEO of Schroders UK Private Bank, which according to June data had £16 billion in assets under management. Previous to Beaumont, Robinson served for 17 years at N.M. Rothschild & Sons, the Rothschild family's investment bank.

Speaking to Wealth Manager, a spokeswoman for Schroders confirmed Robinson had decided to leave.

'We can confirm that Rupert Robinson has decided to leave Schroders to pursue other interests outside the firm. Philip Mallinckrodt, group head of private banking, will take direct responsibility for private banking in London with immediate effect,' the spokeswoman said.

Although Mallinckrodt has from today taken on Robinson's responsibilities, Schroders said that the pair are both still working in its London office, with Robinson (pictured) helping to ensure a smooth handover of his duties.