Ignis Asset Management chief executive Chris Samuel is all set to leave the group as its acquisition by rival Standard Life Investments (SLI) nears completion.
SLI reached an agreement to purchase Ignis for £390 million in March this year, and set to formally take the rein of the company from 1 July 2014.
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Samuel, who joined the group in 2009, has executed major renovation of Ignis’ business strategy during his time.
Earlier he has served on the boards of Gartmore, Hill Samuel Asset Management, and Cambridge Place Asset Management.
Samuel’s departure follows exit of Ignis distribution head Tim Edwards, who has joined Insight Investments, earlier this month.
Most recently, Ignis’ parent group, Phoenix said that FCA approved its divestment of the asset managers to SLI.
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