| David Salisbury | ||||||
The departure of David Salisbury from Schroders gives more ammunition to those critics who say the firm lacks direction.
In the face of a big slump in first-half pre-tax profits from £130 million to £42 million, the spin on the move from Schroders is that Salisbury’s replacement with a new chief executive, now being headhunted, will bring fresh impetus to the firm.
One name being bandied around is former Deutsche Asset Management man Michael Dobson, still a non-executive director at Schroders, though having only recently set up his new business, Beaumont Capital, he will not come easily, or cheaply, if at all.
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