Schroders has appointed Dame Elizabeth Corley as chair to replace Michael Dobson. The firm announced that Dobson would be stepping down from his position in March last year. He will remain in the post until the fund house’s annual general meeting in April. Corley, who will join the board as a non-executive director in September, was CEO of Allianz Global Investors, initially for Europe and then globally from 2005 to 2016. She was previously at Merrill Lynch Investment Managers and Coopers & Lybrand, where she was a consulting partner. She is currently a non-executive director of Pearson, BAE Systems and Morgan Stanley, but she will step down from her roles before becoming chair at Schroders. She is also chair of the Impact Investing Institute and a trustee of the British Museum.