David Salisbury joined Schroders' London research department in 1973 and held a variety of research and management positions in London and New York until 1979 when he was appointed head of research. In 1984, he became executive vice-president of Schroders'Capital Management International, the group's subsidiary managing international equity portfolios for US clients, and in 1986 its chief executive. In January 1995, he was appointed joint-chief executive of Schroders' Investment Management and became chairman in January 1997. He was appointed chief executive of Schroders plc in May 2000. Mr Salisbury was born in 1952 and in 1973 graduated from Oxford University where he read mathematics.