He will be based at Schroders in London and will take up the post in January 2014.
Montrucchio joins from the BlackRock Multi-asset Group where he was a director and a lead portfolio manager for its diversified growth and risk-parity strategies. Previous experience includes roles as a fixed income investment analyst at Barings Asset Management and a senior consultant at Barra International Ltd.
Schroders Multi-Asset Investments and Portfolio Solutions business has been selectively adding resources to strengthen its risk premia based multi-asset approach with more than 40 investment professionals now focused on risk premia research.
Nico Marais, Head of Multi-Asset Investments and Portfolio Solutions at Schroders, commented: 'Ugo has an impressive track record as a senior portfolio manager with many years of practical experience in managing multi-asset portfolios and I am delighted to work with him again'.
Montrucchio commented: 'I am excited to join Schroders at such an interesting time in its development. Its highly skilled Multi-Asset team is one of the leading in the industry and I am delighted to have been given this opportunity to join them'.