Bill Mott postpones his retirement

Credit Suisse's Bill Mott is delaying his planned retirement following the departure of fund manager Errol Francis who is to join Schroders. Mott will resume his advisory role on the £1.1bn Income, £377m Monthly Income and £127m Alpha Income vehicles, just a week after announcing his retirement. Meanwhile, Francis, who inherited the funds from Leigh Harrison a year ago, will team up with Schroders' UK equity head Richard Buxton. At Credit Suisse, in the interim, small and mid-cap growth specialist Crispin Finn is now managing £1.6bn worth of income funds.