SCHRODERS’ star fund manager Richard Buxton resigned from the money manager yesterday after more than 11 years running equities at the house.
Buxton will step down from his role as head of equities on June 14 along with his lieutenant Errol Francis. Both are understood to be moving together to run money at a different outfit.
Global lead of equities Peter Harrison said: “We have a depth of talent in our UK equities team of 16 investors that is well-established, with average investment experience of over 12 years. We will announce succession plans for Richard and Errol in the near-future.”
It brings to a close an eventful year for Buxton, who was a vociferous presence in a number of high profile City mergers, such as the Xstrata and Glencore tie-up.
Buxton started his City career in 1985 with Brown Shipley Asset Management running fixed income and equities. He graduated from the University of Oxford with a first class degree in English.