Walker Crips Investment Management CEO and the group CIO Mark Rushton is set to depart from the company on 28 February 2019.

Rushton, who has been working at Walker Crips since February 2012, stepped down as the director on 30 January 2019.

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Before joining Walker Crips, he served as the head of offering for UK wealth management at BNP Paribas.

In addition, he had stints at Fortis, Cazenove Capital Management, and UBS.

Rushton is said to have trebled the firm’s assets under management and administration during his tenure.

Walker Crips have said that he established the foundation for the group’s next development phase.

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Group CEO Sean Lam will now replace Rushton as the CEO of the investment management unit on an interim basis.

Walker Crips chairman David Gelber said: “On behalf of the Board, we would like to thank Mark for his valued contribution to the Group. He has driven the expansion of the Group through the growth of our Investment Management business and has introduced and implemented numerous enhancements in our offering and practices.

“As Group CIO and CEO of WCIM, he was pivotal in transforming WCIM from a commission-based business to a fee-based business and attracting discretionary and advisory investment managers and their clients.”