Schroders' US chief to quit
Saturday 08 May 1999
Mr Kotler's resignation, announced to US employees yesterday, comes two weeks after the surprise departure of the group's New York-based global head of corporate finance, Richard Broadbent.
The 185-year-old group, which is about 50 per cent owned by the founding Schroder family, faces increased competition from US investment banks and recently lost two highly rated analyst teams to rivals. A spokeswoman for the firm in New York declined to comment, and Mr Kotler was not immediately available.
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