Industry veteran Bill Mott is set to retire from Credit Suisse at the end of the month.
The widely respected Mott used to lead manage the group’s flaghip income fund in the mid 1990s before leaving the group in 1997 only to return to the fund in 2000.
He famously sold all the technology stocks in the fund immediately prior to the crash of the sector.
Mott handed the reigns to Leigh Harrison in 2003 and stepped back from day to day management to become a strategic director at the group.
Hargreaves Lansdown head of research Mark Dampier says: “Mott was one of the best people who ever talked on equities and could de-jargonise the business brilliantly for non equity people.”
“He is a huge loss for the industry and will be sorely missed by intermediaries.”