Justin Urquhart Stewart is to retire from his role at Seven Investment Management almost two decades after he co-founded the business.
Mr Urquhart Stewart will move to an ambassadorial and adviser role in January 2020, stepping away from his full-time position at the investment manager.
He was one of the original founders of Seven Investment Management in 2002, which now has more than £14bn of assets under management and services intermediary and private client markets.
Mr Urquhart Stewart said: "Over the last two decades it has been a great privilege to watch 7IM grow from an idea to a dynamic business looking after over £14bn worth of assets for its clients.
"As I take this next step, I do so in the comfort of knowing we have a highly capable and experienced senior management team in place who will be able to take the business forward."
He added: "I’m delighted and privileged to be continuing to work with the firm in an ambassadorial role, and am excited to see Dean and the wider team write the next chapter of 7IM’s history."
In 2018 Mr Urquhart Stewart played a major role in Seven Investment Management's expansion into Scotland, with the acquisition of Edinburgh-based discretionary fund manager Tcam Asset Management.
The purchase price was undisclosed but the deal added assets under management of £1.1bn to the business.
Dean Proctor, chief executive at Seven Investment Management, said: "Justin has been instrumental in building 7IM into the multi-faceted business it is today. We are incredibly appreciative for everything Justin has done and will continue to do for 7IM.
"Justin is one of the most respected and recognised industry figures so we are delighted that we are still able to retain his knowledge, expertise and counsel within the business.
"His advice will be pivotal as we continue to grow and innovate, and we have invested in bringing fresh and diverse talent into the business, creating a new generation ready to step into Justin’s shoes – if not his red braces."
rachel.mortimer@ft.com
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