UPDATE 1-Richard Buxton to step down as CEO of Merian Global Investors [Reuters]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Reuters
UPDATE 1-Richard Buxton to step down as CEO of Merian Global Investors | Reuters 2 Min Read * Former L&G CFO Mark Gregory to replace Buxton * Buxton to remain head of UK equities, fund manager * Follows management buyout of Merian from Old Mutual (Adds detail from statement, background, quotes, bullet points) By Simon Jessop LONDON, Jan 8 (Reuters) - Richard Buxton, who led a management buyout of Merian Global Investors from Old Mutual as part of the insurer’s break-up is to step down as chief executive, the asset manager said on Tuesday. Buxton will be replaced by Mark Gregory, currently a non-executive director of Merian and previously chief financial officer at Legal & General. Buxton will remain head of UK equities and manager of Merian’s UK Alpha Fund, it said. One of Britain’s best-known fund managers, Buxton and members of the management team agreed to buy part of Old Mutual’s UK fund business for 600 million pounds, backed by private equity firm TA Associates. After leading th
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