Michael MacDonald-Smith, former head of the UK defined contribution business at Barclays Global Investors, has resurfaced at rival fund manager Schroders.

A spokesman for BGI said the company's retention record was good and the hires by Schroders were not yet a trend.

Jason Corcoran

Barclays Global Investors

Schroders

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Schroders bags ex-BGI MacDonald-Smith

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