Fund manager Schroders gears up to appoint BAE Systems and Google Ventures heads as non-executive directors

Francesca Washtell
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Schroders is the second largest fund manager in Europe (Source: Getty)
TSE-100 listed asset manager Schroders will name Ian King, the chief executive of BAE Systems, and Avid Larizadeh Duggan, a Google Ventures partner, as non-executive directors this week.

They could be officially appointed as soon as today, sources told Sky News.

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The group is aiming to bolster its board after a shareholder revolt that kicked off in April when former chief executive Michael Dobson switched roles to become non-executive chairman.

This contravened best corporate governance practice, drawing criticism from around a third of investors.

Read more: Ex-Schroders equities trader sentenced to two years behind bars for insider trading

King is expected to resign from the blue-chip defence giant in the next 18 months.

Duggan was previously an executive at eBay and Skype.

Schroders could not be contacted for comment.

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