UK asset manager Schroders is considering handing a boardroom position to the daughter of its longest-serving non-executive director, Bruno Schroder — a move that would be likely to raise questions among some shareholders and corporate governance experts.

Schroder, 85, who has held his board position at the £449bn fund management group since 1963, is the great-great-grandson of John Henry Schroder, who founded the business in 1804.