The Guardian reports that Michael Hintze and his wife Dorothy have donated £2m to the National Gallery through their foundation – the Hintze Family Charitable Foundation:
Room 8 of the gallery, which contains Italian paintings from the 15th and 16th centuries such as Raphael's The Madonna of the Pinks and The Manchester Madonna by Michelangelo, will now be called the Dorothy and Michael Hintze Room.
Hintze, an Australian who founded the hedge fund CQS in 1999, is a regular giver to the arts, supporting institutions including the Old Vic, the V&A and Wandsworth Museum.
The National Gallery's director, Nicholas Penny, paid tribute to the Hintzes for donating when "the need to support the arts has never been greater".
The money will be used for refurbishment, including the installation of new technology and lighting that will reduce the gallery's running costs and carbon footprint.