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Richard Buxton to retire later this year

Richard Buxton is to retire later this year after a decades-long career in asset management including stints at Barings, Schroders, Old Mutual Global Investors and, latterly, Jupiter Asset Management.

Buxton will leave Jupiter at the end of the summer, the company said today in a statement (June 2).

The management of the UK equity funds he runs will be passed to Ed Meier and Errol Francis, with no change to the investment process and strategy.

Buxton spent 11 years at Barings, latterly as head of UK equities, before moving to Schroders to take up the same role.

He spent five years in the same role at Old Mutual Global Investors, leading a management buy-out of the business when its South African parent sold off its UK operations and split the asset management arm from the advice arm - now called Quilter.

The business was renamed Merian Global Investors and was bought by Jupiter in 2020.

Buxton first worked with Francis at Barings, and