Thames River chief executive Toby Hampden-Acton has stepped down, with several other senior managers also exiting the firm.

A spokespersob of F&C, which acquired Thames River in 2010, said no direct replacement would be appointed.

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Instead, Hugh Moir, previously COO, will take over the responsibility of CEO.

Hampden-Acton joined Thames River in 2004 as a chief compliance officer. Earlier to this, he has worked at firms including Barings and Cazenove.

However, Hampden-Acton will remain as a consultant for Nevsky Capital, the firm set up by Thames River’s former global emerging markets team.

The series of high profile exits from the combined business begun in earnest in 2012, when Thames River founder Charlie Porter moved back to become a non-executive board member.

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