Bruno Schroder had died following a short illness.
The billionaire, a direct descendant of Schroders’ co-founder Johann Heinrich Schroder, passed away yesterday.

He was 86.

Mr Schroder served as a director of Schroders plc since 1963.
 


Michael Dobson, chairman of Schroders plc, said: “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.”

He added: 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.”