Rathbone Brothers’ CEO Andy Pomfret is set to leave the firm by the end of February 2014 following a spell of 10 years as wealth manager.
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Pomfret joined Rathbones in 1999 as group finance director and became CEO in 2004.
Following Pomfret’s departure, Deputy CEO Phillip Howell will take the helm at the firm on 1 March 2014.
Howell joined Rathbones in March 2013, having previously served as CEO of Williams de Broe.
Rathbones chairman Mark Nicholls said: ‘Rathbones has flourished under Andy’s strong leadership and we all wish him well in his future career.
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By GlobalDataCommenting on his departure, Pomfret said: "I’ve had a fascinating 14 years at Rathbones, initially as finance director and for the last nine years as CEO during which funds under management rose from £7.7 billion at 31 December 2004 to £20.8 billion at 30 September 2013.
"I am delighted that we were able to recruit Howell earlier this year and have thoroughly enjoyed working with him. Having recruited my successor, I believe it’s now time to use my experience as both a CEO and a non-executive director to develop a plural career."
