Schroders Wealth Management has appointed Peter Flavel as chair and independent non-executive director of the board of Schroder & Co. (Asia), effective immediately as of July 2026. Flavel, a three-decade veteran of private banking and wealth management, brings distinguished leadership credentials from founding Standard Chartered's global private bank, leading JP Morgan Private Wealth Management for Asia Pacific, and serving most recently as CEO of Coutts. Based in Singapore, Flavel will work alongside recently appointed CEO Evonne Tan to strengthen the firm's regional business, deepen client relationships and support long-term growth strategy across Asia.
The appointment forms part of a broader senior leadership restructuring at Schroders Wealth Management announced in July 2026. The firm also elevated Grace Lavelle to chief investment officer, succeeding Caspar Rock who moves to vice chair; appointed Wilaf Moore as CEO of Cazenove Capital for the UK and Channel Islands; and hired Neil De Sousa from HSBC Global Private Banking as head of Middle East and Geneva. These moves reflect the firm's strategic pivot toward building a more focused, globally connected and client-led wealth management business serving high-net-worth and ultra-high-net-worth individuals, family offices, charities and endowments.
Flavel's appointment underscores Schroders' commitment to the Asia-Pacific region, where it manages £145 billion in client assets globally as of December 2025. His extensive experience in building and scaling private banking operations across Asia positions him to enhance the firm's regional footprint and client proposition at a time when affluent families across the region are seeking integrated advisory combining investment management, wealth planning, banking and cross-border expertise.
Schroders Wealth Management, part of the broader £1.1 trillion asset manager Schroders, operates through its Cazenove Capital subsidiary in the UK and maintains offices across Singapore and Switzerland. The firm is reinforcing its long-term ambition to serve increasingly sophisticated international clients whose wealth management needs span multiple jurisdictions. Flavel's appointment is subject to regulatory approval and represents a high-profile external hire at the chairman level, signaling confidence in the Asia growth strategy.
Market analysts suggest the timing of these senior appointments reflects competitive intensity in Asian wealth management, where firms compete aggressively for ultra-high-net-worth clients and experienced talent. Flavel's star power and track record suggest Schroders may be positioning itself for accelerated market share gains in Singapore and the broader region, particularly given recent moves by competitors to strengthen regional leadership teams. The simultaneous elevation of internal talent like Lavelle and Moore indicates the firm is balancing external hires with promotion of proven internal executives, a strategy that could support cultural continuity while signaling career advancement opportunities.
