Walker Crips's chief investment officer has told the company's board he will stand down at end of February.
Mark Rushton is a director of Walker Crips as well as chief executive of Walker Crips Investment Management (WCIM).
He will leave the company on February 28, though his directorships will end today, and no replacement as chief investment officer has been named.
Sean Lam, Walker Crips's chief executive, will take over as chief executive of WCIM.
David Gelber, chairman of Walker Crips, said: "On behalf of the board, we would like to thank Mark for his valued contribution to the group. He has driven the expansion of the group through the growth of our investment management business and has introduced and implemented numerous enhancements in our offering and practices.
"As group chief investment officer and chief executive of WCIM, he was pivotal in transforming WCIM from a commission-based business to a fee-based business and attracting discretionary and advisory investment managers and their clients.
"He has led with immense integrity and we wish Mark well for his next challenge."
Mr Rushton joined Walker Crips in February 2012 and during his time at the company helped treble its assets under management to £5.2bn.
He said: "It has been a privilege to play my part in the leadership of Walker Crips, a company I described seven years ago as a 'hidden gem' in the City.
"I have been blessed with fine colleagues who will write the next chapter of the firm's story. I am grateful to my fellow directors, our investment managers and our staff for their diligent hard work and conscientious support during my tenure at Walker Crips."
damian.fantato@ft.com
