The FTSE-100 asset manager Schroders will this week name executives from the defence and technology sectors to its board as it recovers from a bruising shareholder revolt earlier this year.
Sky News reports they have learnt that Schroders is lining up Ian King, the chief executive of defence contractor BAE Systems, and Avid Larizadeh Duggan, a partner at Google Ventures, as non-executive directors.
The appointments were still being finalised on Tuesday evening but a City source said at least one of them could be announced as early as Wednesday.
Schroders has been under pressure to strengthen its board after a revolt among external investors in April over Michael Dobson's elevation from chief executive to chairman.
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