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Schroders' unit Benchmark Capital names chief investment officer

U.K.-based digital asset manager Benchmark Capital Ltd. appointed Alex Funk its chief investment officer, Financial News reported Aug. 7.

Funk joins from Premier Asset Management Group PLC and will lead Benchmark's discretionary fund management platform, called Fusion Wealth, which currently holds £2.1 billion of assets and offers off-the-shelf portfolios to other wealth managers, the report said.

Schroders PLC acquired Benchmark Capital in 2016 and currently owns a 77% controlling stake in it, according to S&P Global Market Intelligence data.