Dobson stepping down as Schroders chairman

City grandee Michael Dobson is stepping down as chairman of Schroders, ending a two-decade reign at the helm of the FTSE 100 investment manager that counts the Queen among its clients. In a note in Schroders’ annual report published on Friday, Mr Dobson said: “During 2020, we will continue to review board composition and succession planning.” A Schroders spokesperson said there is “no set timetable” and said that Mr Dobson remains chairman until a successor is appointed.