Sky News - Schroders to name new executives

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.

To access the complete Sky News article hit the link below:

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