Steiner had been a business development director for Conning in Europe since 2012 and previously held similar positions at Wellington Management and Deutsche Asset Management (now Deutsche Asset & Wealth Management). "His insurance experience and local knowledge," said Nicoll, "will enable us to build new relationships and to provide a better level of service to our existing clients across the continent."
Threadneedle reported that its insurance assets under management in Europe currently total €55bn ($65bn).