One of Europe's top bank analysts is leaving his research post at Wall Street bank Morgan Stanley after 14 years, to take up a role at one of the giants of the UK's asset management industry.

Huw van Steenis is leaving Morgan Stanley, where he led the bank research team in Europe, to join Schroders as global head of strategy, starting in the final quarter of 2016, according to a statement from the £343.8 billion asset manager on September 1.