Finance

Former Schroders chief Michael Dobson lands chair role at Berkeley Group

Michael Dobson, the former chair of Schroders, has been appointed to the board of UK housebuilder Berkeley Group as its non-executive chair.

Dobson, who stood down as chair of Schroders in April, will take up the role following the company’s annual general meeting on 6 September.

He will replace Glyn Barker, who is stepping down from the board following a two year transition period after the death of Berkeley’s founder and previous chair Tony Pidgley.

READ Schroders appoints Dame Elizabeth Corley as new chair

Dobson was chief executive of the UK-listed asset manager for 15 years — having joined the company from Morgan Grenfell — before chairing Schroders for six years.

His move to chair the company in 2016 was controversial at the time due to UK corporate governance rules against chief executives moving to chair the same business.

But Dobson pointed out Schroders had consulted widely with its shareholders on the move, and most supported him.

Diana Brightmore-Armour, senior independent director on the board of Berkeley, said: “[Dobson] has a wealth of experience and the right skills to lead the Board of Berkeley into the future.”

Schroders announced in July that Dame Elizabeth Corley — a former CEO of Allianz Global Investors — would succeed Dobson as chair.

To contact the author of this story with feedback or news, email David Ricketts

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