Richard Buxton to retire later this year

At the height of the global financial crisis in 2008, Buxton described the banks as "the buying opportunity of a lifetime."

He became chief executive of Old Mutual Global Investors, replacing Ide, and then led its management buy-out - though he stood down as chief executive in 2019 to focus on fund management and was replaced by Mark Gregory.

The company was sold to Jupiter the next year.

sally.hickey@ft.com