The chief executive officer of London-based Lansdowne Partners is retiring to focus on charity work and his work in the arts.
Reuters reported that Paul Ruddock, who co-founded Lansdowne in 1998, will step down from his post in June but will remain as a majority shareholder of the firm. Ruddock’s replacement was not disclosed.
The article also said that Ruddock, the chairman of London’s Victoria and Albert museum, is a major donor to the arts.
Lansdowne manages approximately $12.4 billion in assets.