Name Huw Steenis Role Analyst | Spouse Camilla Cavendish | |
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Huw van Steenis (born 25 September 1969) is Global Head of Strategy at Schroders, a British multinational asset management company. He joined Schroders in October 2016, having previously worked as Global Coordinator Banks and Diversified Financials at investment bank Morgan Stanley. Notable for his bearish forecasts prior to the global financial crisis and Eurozone crisis, and views on the reshaping of the investment industry.
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Education
Van Steenis studied at Trinity College, Oxford where he obtained an MA in Politics, Philosophy and Economics. In 1994 he went to INSEAD Business School where he obtained an MBA.
Career
Van Steenis is a member of the World Economic Forum’s Global Agenda Council on Banking. He has commented favourably on several UK government policy initiatives, including the UK housing scheme Help to Buy with his colleague Charles Goodhart
Asset Management Barbell In 2004 he coined the term the “Asset Management Barbell”, “which predicted the predicted the bulk of assets would be invested in low-cost passive or index-hugging products such as ETFs, with a small but significant amount in high margin" and “high alpha products, with intensifying pressure on the middle ground of more conventional asset management”
Balkanisation of Banking Markets In 2012, he coined the term Balkanisation of Banking Markets to describe the breakdown in cross-border banking lending as regulators look to put up barriers to protect domestic markets and the policy challenge to rebuild a single market in lending within the Eurozone.
In 2015, van Steenis joined the Board of English National Opera.
Awards and recognition
In 2009, van Steenis was named 'European Banker of the Quarter' for Q1 2009 by The Wall Street Journal's Financial News for his work on the banking crisis and policy response. The judges describing him as "one of the most well regarded and influential voices commenting on issues facing the industry … who has helped to position the US bank as an authority on the European policy response to the crisis". Anthony Hilton, City Editor, Evening Standard called him as "one of the most authoritative banking analysts in Europe" His awards include being voted the number one equity research analyst for Banks and Diversified Financials twelve times in institutional investor polls. He has won a number of forecasting awards including European "Stock Picker of the Year" for Banks and Financials in Reuter’s Starmine twice. In 2008, van Steenis was tipped as Rising Star Under 40 by Wall Street Journal's Financial News for the third time. The judges said: “He was early to spot the implications of the funding crisis and warned investors to steer clear of single-A banks, forecast the majority of the sectors rights issues and dividend cuts and the financials portfolio he runs for Morgan Stanley has outperformed the sector by over 25% for the year”
Personal life
Van Steenis is married to Camilla Cavendish, Baroness Cavendish of Little Venice. He is the great nephew of botanist Cornelis Gijsbert Gerrit Jan van Steenis.