Schroders plc announced that Rhian Davies, having served on the Board for nearly nine years, has decided not to stand for re-election at Annual General Meeting on 25 April 2024, and will therefore step down from the Board at the conclusion of the meeting. Iain Mackay will succeed Rhian Davies as Chair of the Audit and Risk Committee. Iain was appointed as an Independent Non-executive Director of the Company on 1 January 2024.

Iain has been a member of the Audit and Risk Committee since 1 January 2024 and is also a member of the Nominations Committee.