Schroders, the UK's largest listed fund manager, announced a tie-up with Philadelphia-based wealth manager Hartford Funds on June 1. The deal will mean Schroders' US mutual funds being sold through Hartford's sales network – a potentially step-changing boost to the UK firm's US business, according to its North America chief executive, Karl Dasher.

Financial News asked Dasher to run through the new arrangement in detail - how it came about, what it will mean for Schroders' existing US staff, and the prospects for future developments.