Giles Hargreave, the chief executive of Hargreave Hale, has stepped down from his role to focus on running his own funds.
The day-to-day management of the business will be taken over by board members, Lee Finlayson and Stuart Brookes, who have been appointed as joint managing directors.
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However, Hargreave will remain as chairman of the firm and will continue to manage his portfolios including the small-cap focused Marlborough Special Situations fund.
Hargreave said: ‘The firm has got a lot bigger over the years and we now employ 180 people. We have expanded across our unit trust, private client and advisory businesses, and we have our own back office, settling our own trades.
The company now has £4.2 billion in assets under management.
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