BlueOrchard, an impact investment manager in which Schroders owns a majority stake, has promoted Philipp Muller, as the new CEO.
Muller formerly served as head of investment solutions at the firm. He succeeds Patrick Scheurle, who resigned from his position to pursue new entrepreneurial challenges, according to BlueOrchard.
Maria Teresa Zappia, who has been with BlueOrchard since 2008 in various senior positions, will become deputy CEO.
“As CEO, Philipp’s mandate will be to lead and further develop one of the finest impact investment managers, delivering social and environmental impact alongside financial returns,” said Peter Fanconi, chairman of BlueOrchard. “Together with our talented staff, he will be responsible for writing the next chapter in our more than 20-year history.”
He added, “During Patrick’s tenure, BlueOrchard broadened its footprint