Alan Brown, the former chief investment officer of Schroders who currently works as a senior adviser to the UK-listed fund manager, is to retire from the firm at the end of this month.

During his nearly 10 years with Schroders, the asset manager's share price has risen by around 230%. Brown described Schroders' improvement as a "team effort" but chief executive Michael Dobson paid tribute to his colleague's input. Dobson said: "He has played a fundamental role in developing our business."