Schroders legend Bruno Schroder has died aged 86, following a short illness.

Schroder passed away on 20 February. He was the longest serving director on a FTSE company, having been appointed to the fund giant's board back in 1963. 

 

In a statement, Schroders chairman Michael Dobson 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.

'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.' 

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, and Oxford University and the Harvard Business School, he joined J. Henry Schroder & Co Ltd in November 1960.

Schroder 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), he was appointed as a non-executive director of Schroders Limited (now Schroders plc) on 1 January 1963.

Schroder's hobbies included flying his private jet and breeding Middle White pigs. 

He also donated £50,000 to the Remain campaign during the 2016 UK referendum.