The Spanish distribution platform has recruited ex-MFEX's Dorine Kalfon.
Munro will take over from Chris Cheetham, who retired in May.
Edwin Lawrence will take on the mantle of head of Middle East at the $468bn assets under management firm.
La Française AM's CEO Jean-Luc Hivert is named global head of investments.
Schroders announced several management changes, including the appointment of Charles Prideaux as the global head of investment.
US-based asset manager Columbia Threadneedle Investments’ Mark Burgess has decided to take a career break, stepping down from his role as EMEA and deputy global chief investment officer, after a nine-year stint with the enterprise.
The Italian group has also appointed Alan Cauberghs as head of Generali private assets.
In a major reshuffling at UBS, veteran managers Ulrich Koerner and Martin Blessing have stepped down from their present roles in the firm, succeeded by Suni Harford, Sabine Keller-Busse and Iqbal Khan.