Bruno Schroder Explained

Bruno Lionel Schroder
Birth Name:Bruno Lionel Schroder
Birth Date:1933 1, df=y
Occupation:Banker
Education:Eton College
Alma Mater:University of Tours
University College, Oxford
Harvard Business School
Nationality:British
Spouse:Patricia "Piffa" Holt
Suzanne von Maltzahn
Children:Leonie Schroder

Bruno Lionel Schroder (17 January 1933 – 20 February 2019) was a British banker and billionaire and a significant landowner in Scotland. He was a direct descendant of Johann Heinrich Schröder, co-founder of financial institution Schroders, and the longest serving non-executive board member of any company on the London FTSE 100.[1] Forbes magazine estimated Schroder's family wealth at US$6.2 billion in August 2018.

Schroder owned the 17,500 acres Dunlossit Estate on the island of Islay in Scotland's Inner Hebrides.[2]

Early life

He was born on 17 January 1933, to Baron Helmut William Bruno Schröder and Margaret Eleanor Phyllis Darell.[3] [4] His sister, Baroness Charmaine Brenda Schröder, married merchant banker George von Mallinckrodt.[5]

His maternal grandparents were Sir Lionel Darell, 6th Baronet and the former Eleanor Marion Edwards-Heathcote (daughter of Justinian Edwards-Heathcote, MP for North West Staffordshire).[6]

He was educated at Eton, University of Tours, the School of Languages Hamburg, University College, Oxford, and Harvard Business School.[7] [8] Schroder received an honorary doctorate from Heriot-Watt University in 2012.[9]

Career

Schroder joined the commercial banking and corporate finance division of J. Henry Schroder Wagg & Co. in 1960, and was appointed a director of Schroders in 1963.[2] Schroder was a non-executive director of Schroders and a member of the company's nominations committee.[10] In 2017 Schroder donated £50,000 to the "Remain" campaign against Brexit as well as the campaign against Scotland leaving the UK.[11]

In August 2018, Schroder's net worth was estimated at $6.2 billion.[10]

Personal life

In 1969, Schroder married Piffa Holt. Before their divorce, they were the parents of a daughter:

His second wife was Danish-born Baroness Suzanne von Maltzahn (née Reventlow-Mourier). They divided the estate on Islay with Piffa who has her own part of the estate and is in residence when Schroder was in London.[15]

Schroder flew his private plane and was a keen breeder of Middle White pigs on the Dunlossit Estate. Schroder funded the Islay lifeboat and sponsored the island's Highland games, the Argyllshire Gathering. Schroder also helped restore an old whisky distillery on Islay.[10] Schroder was one of a number of wealthy individuals who cashed a cheque for 97 pence sent to them by Bizarre magazine in 2001.[7] [16]

He died on 20 February 2019, aged 86, "after a short illness".[17] [18] [19]

Motto:Vincet Veritas [20]

Further reading

Notes and References

  1. News: Bruno Schroder & family. Forbes. 3 October 2018.
  2. Christine Seib. "Business big shot Bruno Schroder." The Times, London, 24 May 2007: pg 55.
  3. News: Bloomberg Billionaires Index: Bruno Schroder. Bloomberg.com. 22 February 2019.
  4. Web site: SCHRODERS PLC – Officers (free information from Companies House). Companies House, Government of the United Kingdom. 10 September 2016.
  5. Mosley, Charles, editor. Burke's Peerage, Baronetage & Knightage, 107th edition, 3 volumes. Wilmington, Delaware: Burke's Peerage (Genealogical Books) Ltd, 2003, volume 1, page 1030.
  6. Book: Burke . Bernard . A Genealogical and Heraldic History of the Landed Gentry . 1925 . Burke Publishing Company . 857 . 25 July 2024 . en.
  7. News: Rosser. Nigel. Bank Baron enjoys a life less grand. 17 June 2014. London Evening Standard. 20 March 2002.
  8. Web site: Bruno Lionel Schroder. Debrett's. 17 June 2014.
  9. Web site: Higgs Boson Scientist Awarded Heriot-Watt honorary degree. Heriot-Watt University. 29 March 2016.
  10. Web site: Forbes profile: Bruno Schroder & family . Forbes . 30 August 2018.
  11. News: The 23 biggest donors to the 'Remain' campaign against Brexit. Business Insider. 3 October 2018.
  12. Web site: Schroders considering board seat for daughter Leonie.. Katherine Griffiths. Banking Editor. 17 August 2018. 30 August 2018. The Times.
  13. Web site: Schroder family plans board role for daughter in succession. citywire.co.uk. 30 August 2018.
  14. Web site: The Dunlossit And Islay Community Trust – Company Profile – Endole. suite.endole.co.uk. 3 October 2018.
  15. News: Bank Baron enjoys a life less grand. London Evening Standard. 3 October 2018.
  16. News: Norman. Matthew. The Guardian Diary. 15 August 2014. The Guardian. 5 April 2001.
  17. https://www.schroders.com/en/media-relations/newsroom/all_news_releases/bruno-schroder/ Schroders: Press Release
  18. Web site: Schroder family patriarch, Bruno Schroder, dies at 86. Peter Smith . 21 February 2019. Financial Times. 21 February 2019.
  19. Web site: Banking veteran Bruno Schroder dies at 86. Mark. Cobley. 21 February 2019. fnlondon.com. 21 February 2019.
  20. Web site: Goldsmiths Hall, 84 Schroder BL . 13 July 2009 . Baz Manning . 22 November 2020.