Sven Liden has left his role as chief executive of Swiss investor Schroder Adveq following the company's acquisition by asset management giant Schroders, FN's sister publication Private Equity News reports.

A replacement for Liden will be announced in October, a spokeswoman said. Schroder Adveq’s executive chairman Stephen Mills, a Schroders veteran who joined the company in 1983, has assumed Liden’s responsibilities as acting CEO in the meantime.