Schroders has appointed former Amazon executive Rakhi Goss-Custard to its board in an effort to boost digital experience.
Goss-Custard will be part of the nominations committee and begins in January.
Earlier this month there had been speculation that Avid Larizadeh Duggan, a partner at Google Ventures, was due to join the board.
Schroders chairman and chief executive Michael Dobson says Goss-Custard’s experience at Amazon will be relevant as digital becomes increasingly important for the asset management industry.
Goss-Custard was responsible for home, garden and DIY product ranges at Amazon, where she worked for 11 years. She is a non-executive director of Kingfisher, Rightmove, Intu Properties and Aim-listed Be Heard.
Schroders added Ian King, chief executive of British defence company BAE Systems, to its board as non-executive director last week.
Asked about the reported appointment of Avid Larizadeh Duggan, a Schroders spokeswoman said the firm does not comment on rumour and speculation.