Reporting to Andrew Boorman, managing director of corporate services, Sheth’s strategic role is officially described as designed “to help the business better anticipate and deliver client solutions”.
From 1 Feb, the head of Henderson’s £16bn ($25bn) fixed income business will be Jim Irvine who currently runs the firm’s structured products and advisory division. This operation will be renamed and Colin Fleury will run what will be known as the secured credit business.
For the time being, he will also retain his current responsibilities as head of asset-backed securities.
Andrew Formica, Henderson’s chief executive, commented: “Ever since Mitesh joined Henderson in August 2005 he has been resolute in focusing on what clients need in an ever changing world and then developing solutions to meet those needs.
“He has demonstrated this first as deputy head, and then in the last year as head of our fixed income business. I am pleased to have someone of his calibre and experience who can apply these skills to all parts of our business.”