A senior figure in one of the families that have given their names to financial businesses has passed away after a short illness.

One of the great names in the world’s financial services and wealth management sector, Bruno Schroder, director of the eponymous Schroders business, has died at the age of 86 after a short illness. 

Mr Schroder had served as a director of the UK-listed firm since 1963.

“Bruno made an enormous contribution to Schroders over more than 50 years. He was passionate about Schroders and unwavering in his support for the company. His long experience, good judgement and sense of humour will be sorely missed. On behalf of everyone at Schroders, I send our heartfelt condolences to Bruno’s wife and family,” Michael Dobson, Schroders’ chairman and its former CEO, said in a statement yesterday. 

Mr Schroder was the great-great-grandson of John Henry Schroder, co-founder of the Schroders businesses in 1804. Following national service in the Life Guards, studying at Oxford University and the Harvard Business School, he joined J Henry Schroder & Co in November 1960. 

He began his career working in the internal audit division, in commercial banking and subsequently in corporate finance. With the declining health of his father, board chairman Helmut Schroder (1901-1969), Mr Schroder was appointed as a non-executive director of Schroders Limited (now Schroders plc) on 1 January 1963.

(The team at WealthBriefing extends its condolences to Mr Schroders’ family and colleagues.)