Schroders sacks Gadbury, Haw

The UK fund managerÆs reorganization continues.

Schroder Investment Management has fired Jeremy Gadbury, director of its Hong Kong Mandatory Provident Fund business. Also let go has been Graham Bateman, a Korea specialist, who left with Gadbury late last week. The pruning comes just two weeks after Richard Haw was sacked in London Haw had only recently returned to the UK after over 20 years in Hong Kong, latterly as Asia managing director.

People familiar with the organization say the firings are part of a cost-cutting exercise emanating from London. For the past year and a half, the firm has been pursuing a new course to counter the loss of key mandates in Europe and sliding performance. Observers...

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