Janus Henderson head of global emerging market equities Glen Finegan has left the firm and will be followed by his four-strong team.
Finegan (pictured) left by 'mutual agreement' with the asset manager to 'pursue other avenues within the asset management sector', the firm said. His six-month gardening leave starts today.
'The team’s investment philosophy and process will remain unchanged during this time,' a spokeswoman for the firm said.
Until a replacement is found, the team will report to co-head of equities Alex Crooke.
Crooke said Janus Henderson remained 'fully committed to the emerging markets asset class'.
'We have over 350 investment professionals globally, a broad spectrum of active investment capabilities and a strong global client service team,' he said.
'We are optimistic about the opportunity to build a genuinely differentiated emerging markets investment capability.'
He joined the firm from First State in 2015.
In the last three months of 2018 client redemptions from Janus Henderson accelerated to $8.4 billion (£6.4 billion), taking its annual outflow to $18 billion and the total since early 2017 to around $28 billion.