Ex-Schroders auditor becomes its CFO

by Richard Crump

More from this author

29 Nov 2012

  • Comments

A FORMER AUDITOR of Schroders is to become the fund management group's chief financial officer, replacing Kevin Parry who joined Shroders in 2003 as a non-executive director.

PwC partner Richard Keers is leaving to join Schroders in May next year, when it will have been 26 months since he worked as the company's auditor. ICAEW rules require a two-year cooling-off period before auditors can move to client companies.

Keers was PwC's global relationship partner for Schroders from 2006 to 2010, having joined PwC in 1988 and worked on the audits of Legal & General and Jardine Lloyd Thompson as a partner in its financial services practice.

"His previous experience positions him well for his new role as CFO," said Michael Dobson, chief executive of Schroders.

His appointment coincides with PwC's long-standing grip as auditor of the FTSE 100 company coming under threat. Schroders, which has used PwC as its auditor for more than 50 years, put the contract out to tender in September.

Parry, a former KPMG divisional managing partner who was made CFO of Schroders in January 2009, does not have a new position immediately lined up.


Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send


Financial Planner

The Ministry of Defence Surgeon General’s (SG) Finance Department, Lichfield, Staffordshire, Permanent, Full Time, £ £30,008




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.