Sad to report.
Bloomberg News reports that Bruno Schroder, heir to one of London’s oldest banking fortunes, has died. He was 86.
Money manager Schroders said he died on Wednesday after a short illness. Born in 1933, he was the great-great grandson of Johann Heinrich Schroder, who set up J. Henry Schroder & Co. in 1818.
He served as a director of his family firm since 1963 and his storied name provided a link to a bygone age in the City of London, where firms like Kleinwort Benson, Morgan Grenfell and S.G. Warburg dominated. The deregulation of London’s financial markets in 1986 – known as the Big Bang – exploded this gentlemanly world and saw many of the merchant banks snapped up by larger rivals.
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