Schroders chief executive Peter Harrison and chief financial officer Richard Keers will donate a quarter of their annual salaries for the next three months — as well as their long term incentives for 2020 — to Covid-19 relief efforts.

Harrison and Keers received fixed pay of £561,000 and £427,000 respectively in 2019, according to Schroders annual report. The pair received long term incentives payments in 2019 totalling £1m between them.