Moulds is hardly likely to be persuaded to stay. He is firmly focused on an investment strategy of a very different kind long having been a passionate supporter of the arts, he is on the board of the London Symphony Orchestra.
Arts Council funding was reduced by £71 million last year to just under £450 million, with a further cut of £61 million in grants scheduled by 2014.
The banker has a contact book of extremely deep pockets to plug that gap including his own. He lends out his large violin collection to a number of gifted young musicians: when one of his prodigies gave a concert at St Lukes Church in Old Street early last month, he lent her a 1717 Stradivarius worth £6.3 million.
On taking the Arts & Business role, he commented: "Im in an industry where if youre good at what you do, you get paid relatively well." Evidently so.