Schroders appoints new CFO as current director announces departure

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 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.

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

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