Ignis chief executive Samuel to leave group

Ignis Asset Management’s Chris Samuel is set to leave the group as its takeover by rival Standard Life Investments (SLI) nears completion.

Mr Samuel, who joined the group in 2009, is expected to leave next week when the deal with SLI completes.

The chief executive was the force behind many changes at the group, including outsourcing its administration to HSBC, merging the business with Axial Investment Management and also moving the company’s office in the City of London.

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Ignis was launched in 2008, having previously been known as Resolution Asset Management. In the retail space it has been known for its joint ventures with specialist boutiques Argonaut, Hexam and Cartesian, all of which are now independent of the group largely because of Mr Samuel’s decision to alter the strategy of Ignis.

Mr Samuel also hired the group’s chief investment officer Chris Fellingham as well as several new managers including absolute return emerging market debt specialist Dan Beharall and UK equities manager Graham Ashby.

Ignis declined to comment.