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Schroders Chief Executive Michael Dobson to step down - FT

March 01, 2016 at 02:56 pm EST

(Reuters) - Schroders Plc, Britain's biggest listed fund manager, is set to announce Chief Executive Michael Dobson will step down, the Financial Times reported on Tuesday.

He will be succeeded by Peter Harrison, the company's head of investment, the newspaper said, citing people familiar with the situation. (http://on.ft.com/1QptaQP)

Schroders is expected to announce Dobson's departure on Thursday, when its publishes annual results, the FT said.

Harrison has been widely tipped as Dobson's heir since he was appointed to the Schroders board in 2014, the FT reported, citing company's shareholders.

Schroders declined to comment.

(Reporting by Rishika Sadam in Bengaluru and Sinead Cruise in London; editing by Susan Thomas)

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Michael Dobson

Michael William Romsey Dobson is a British businessperson who has been the head of 5 different companies and is Chairman at Schroders Plc. He is also on the board of Bluebell Strategies Ltd.
In his past career he was Managing Director & Director at Deutsche Bank AG and Chief Executive Officer of Morgan Grenfell Group Plc (a subsidiary of Deutsche Bank AG), Chief Executive Officer at Morgan Grenfell Asset Management Ltd. and Chief Executive Officer of Schroder Investment Management (Europe) SA.

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