The high-profile arrival of Michael Dobson as chief executive of Schroders had an unfortunate consequence for David Salisbury - he was fired.
While Dobson was being feted as the man to turn around Schroders' fortunes when he was appointed last October, former chief executive Salisbury slipped quietly out of the back door - after 27 years with the firm.
He has since moved back into fund management but has not chosen the obvious route of moving to a direct competitor of Schroders. Rather, he is trying to launch a new business in London.
Salisbury has joined US firm Dimensional Fund Advisors, based in Santa Monica, California, to drive its push into the UK institutional market.
Salisbury, who was educated at Trinity College, Oxford, joined Schroders as a research analyst in London in 1974. He transferred to New York two years later and was head of research by 1980.