The chief investment officer of Quilter Investors is retiring to spend more time with his family.
Bambos Hambi will stay with Quilter’s multi-asset business until the end of the year and his successor will be announced “in the near future”.
His role oversees the Quilter Investors’ portfolio management team but he does not have direct responsibility for running portfolios day-to-day.
Hambi said the decision came after a reassessment of his priorities.
He said: “Due to change of personal circumstances including family illness over the past year, I have had to reassess my priorities and I’ve taken the difficult decision to retire at the end of this year to spend more time with my family.
“I’ve thoroughly enjoyed my time at Quilter Investors and the wider Quilter group. It is a business starting to unleash its growth potential and I’ll continue to watch its progress with interest.”
Hambi has been at the FTSE 250 company for just over a year, having previously spent nearly 10 years at Aberdeen Standard Investments, most recently as head of multi-manager strategies.
His career in the asset management industry has spanned more than 30 years, during which time he has been head of multi-manager funds at both Gartmore Investment Management and Rothschild Asset Management.
Steven Levin, chief executive of Quilter Investors, said: “I would like to take the opportunity to thank Bambos Hambi for his insights and support for Quilter Investors over the past year.
“I’m pleased Bambos is able to remain with us to support the recruitment of his successor before he begins his retirement.
“We fully respect his decision to retire, and he leaves with our very best wishes.”
Earlier this month, Quilter re-structured its group into a high net worth focused arm and one catering to affluent individuals.