Schroders' Buxton quits for Old Mutual

Richard Buxton, the head of UK equities at Schroders, has resigned after more than 11 years at the fund manager to take up a position at Old Mutual.

Buxton is set to be unveiled by Old Mutual Global Investors today, Investment Week understands, and will form a key part of their expansion plans. His exact role is not yet known, but the star UK stock-picker will be teaming up with a range of in-house managers already at the group. These include Dan Nickols, Simon Murphy and Luke Kerr, while Ashton Bradbury is currently head of equities. His deputy Errol Francis is also leaving Schroders to join Buxton at Old Mutual Global Investors on 14 June. The pair together run £6bn of assets. During his tenure at Schroders, Buxton has bui...