Schroders" Richard Buxton resigns - FT.com Richard Buxton, the head of UK equity at Schroders, has resigned after a career spanning more than 11-years at Britain's biggest fund manager. Mr Buxton, who has been vocal on a range of issues including the pay and compensation of Xstrata executives as part of the merger with Glencore, is continuing his career at another City fund manager, people familiar with the situation said. Mr Buxton's deputy Errol Francis is also leaving. The pair together run £6bn of assets, concentrating on specialist UK equity portfolios. Mr Buxton graduated from Oxford with a first degree in English. His investment career started in 1985 at Brown Shipley Asset Management as a fixed income and equity investment manager. He was UK equity manager at Baring Asset Management from 1990 following a year at GRE Asset Management. Mr Buxton joined Schroders in 2001 to manage specialist UK equity portfolios. One person familiar with the situation said: "This has been a very amicable split between Richard and the company. He will stay on for another three months as will Errol. Schroders this month reaffirmed its position as one of Europe's most successful managers of money with a strong set of results for 2012. The FTSE 100-listed asset manager beat expectations on profits, recorded multibillion-pound net inflows and sharply increased its dividend to underline its position of strength in the market place. The increase in the dividend from 39p in 2011 to 43p for 2012 highlighted its financial health. Net inflows were £9.4bn in 2012 compared with £3.2bn in the previous year, with half of those inflows in equities. Assets under management grew to £212bn compared with £187.3bn in 2011. One senior fund manager at a rival group said: "Richard has been very strong on governance issues, most notably over Xstrata, where he was very critical of the pay and compensation package."