Schroders new GESB overseas fund manager

Western Australian superannuation provider GESB has appointed Schroder Investment Management Ltd as a manager of its $2.7 billion international equity portfolio.

GESB has about $10 billion funds under management and about 313,000 members.

Its other international equity fund managers are Fidelity, Edinburgh Partners and Sarasin and Partners.

"Schroders takes a pragmatic approach to quantitative equity investment and we expect it to perform well in a range of market environments, including volatile and non-trending markets," GESB senior investment strategist Bill Dwyer said.

Schroders, a global asset manager, had STG148.4 billion ($A247.7 billion) in funds under management worldwide at the end of 2009.

Schroders appointment comes a month after five members of the GESB board - Wayne Osborn, Keith Spence, Fiona Harris, Andre Morony and Peter Warne - quit.

The directors quit after receiving a draft report into the future of the state's superannuation body.