Schroders appoints first Head of ETFs as ETF franchise surpasses $1bn AUM

News release - 1 December 2025

Schroders, a global leader in active management, today announces the appointment of its first Head of Exchange-Traded Funds (ETFs), to further drive the firm’s expansion amid strong client demand for actively-managed solutions in this fast-growing space.

Tom Stephens will join from JP Morgan Asset Management (AM), where he worked for eight years as International Head of ETF Capital Markets. Tom will be responsible for building and executing Schroders’ global ETF strategy across product, infrastructure, distribution and client engagement.

The announcement of Tom’s appointment to this newly created role also swiftly follows the launch of Schroders’ first two active ETFs in Europe earlier this year. It also coincides with Schroders surpassing the key milestone of $1 billion in assets under management (AUM) across its global ETF franchise1.

Matt Oomen, Global Head of Client Group, Schroders, said: ​
​“We’re pleased that Tom will be joining Schroders in the New Year, to help spearhead the accelerated development of our active ETF business. His 20 years of leadership in this space will be invaluable to the expansion of our market-leading active edge through ETF wrappers.
​“Our recent European active ETF launches will enable us to reach more investors than ever before, and Tom’s deep knowledge and experience of the ETF market will help marry our growing capabilities with increasing client interest.”

The two European active ETFs launched earlier this year included the Schroder ETFs ICAV - Schroder Global Equity Active UCITS ETF and the Schroder ETFs ICAV - Schroder Global Investment Grade Corporate Bond Active UCITS ETF.

At JP Morgan AM, Tom led a global team responsible for ETF market structure, liquidity architecture, authorised participant and market-maker strategy.

He also managed client execution standards, operational design and the development of new ETF capabilities across multiple regions and asset classes. He sat on the firm’s Global ETF Operating Committee, contributing to the overall direction, governance and oversight of their offering.

Tom, who is also the current chair of the Investment Association’s ETF Committee, will report into Matt Oomen, Global Head of Client Group. He will join Schroders on 5 January 2026. 

1 $1 billion (USD) - Schroders: October 2025

Media contact

Wim Heirbaut

Press and media relations, BeFirm

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Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

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