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Schroders triples equity held by staff

Schroders, the UK’s second largest listed fund manager is to triple the amount of equity held by its employees over the next five years in a move to strengthen its independent status.

The move comes amid speculation that Schroders which manages £143.6bn of assets will be forced to sell up to large financial conglomerate in the next few years.

Currently employees own less than five per cent of the company, but under the new scheme two thirds of employees will have the opportunity to have a total 15 per cent stake in the company.

Schroders chief executive David Salisbury says. "We want everyone from the receptionist up to Bruno Schroder to feel that they can make a difference.

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