The Chief Financial Officer (CFO) of asset manager Schroders, Kevin Parry, has announced that he plans to step down from the board from May 5th next year.
The group announced that it will appoint Richard Keers, who is currently a partner at PricewaterhouseCoopers (PwC), in the role at that time.
Keers was PwC's Global Relationship Partner for Schroders from 2006 to 2010, having joined in 1988, and has been a partner in their financial services practice since 1997.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Schroders intends for Keers to join the board and the Group Management Committee, giving him responsibility for Finance, Risk, Human Resources, Internal Audit and Corporate Communications.
Michael Dobson, Chief Executive, said: "I would like to thank Kevin for his significant contribution to Schroders over the last ten years, as a non-executive Director and Chairman of the Audit Committee and, since 2009, as Chief Financial Officer. I very much look forward to working with Richard. His previous experience positions him well for his new role as CFO."
The share price fell 0.63% to 1,577p by 13:55.
NR
-
Average earners now face £200,000 inheritance tax bill - how much will your estate owe?‘Double whammy’ of inheritance tax changes means even the estates of those earning the average UK wage could face bills, not just the very wealthy
-
Are the wealthy dodging more tax than previously thought?A new report suggests tax non-compliance among the wealthy could be worse than previously imagined. Is an overly complex system partly to blame?
