Schroders chief executive Michael Dobson is to step down from the helm after 14 years in charge of the group, the Financial Times reports.
Head of investment Peter Harrison is expected to succeed Dobson, with details due to be announced on Thursday (3 March) alongside the group’s annual results.
Harrison was appointed to Schroders’ board in 2014 and, according to the FT’s sources, is keen for the job.
Dobson is expected to remain in place to oversee the transition, and suggested next moves include the role of chairman or running a mandate of Schroder family assets.
Harrison was promoted to head of investment in 2014 after rejoining from RWC Partners – of which Schroders owns a 49 per cent stake – where he was chief executive and chairman.
Harrison began his investment career with Schroders in 1988 as an equities analyst.