Smith & Williamson funds boss Ed Rosengarten is to leave the business.
According to the Financial Conduct Authority (FCA) register, Rosengarten (pictured), who was also a partner at the firm, gave up his controlled functions at S&W on 5 November.
A spokesperson for S&W confirmed that Rosengarten would be leaving the organisation to 'pursue other business ventures'. The company did not say who would be replacing him.
Rosengarten joined S&W in 2014 as head of the firm's pooled funds business.
Prior to this he had spent 18 years at M&G, nine of which as chief executive. He went on to found Eden Asset Management in 2011 and led the business up to its acquisition by City Financial in 2012. He led the merged firm's funds business for a year before leaving the company.
A spokesperson for S&W said: 'We are really proud of our work in the funds space, which is an integral part of Smith & Williamson activities and is critical to our clients in the investment management environment.'
'[Indeed] in the last 18 months we have seen the well-received launch of our Global Linked Inflation Bond Fund and the Artificial Intelligence Fund, one of the leading examples of its kind.'
The news comes a month after S&W announced the appointment of David Barfoot to the newly created role of head of fund sales.
'We continue to invest strategically in our funds business, most recently with the significant appointment of David Barfoot last month to the newly-created role of head of fund sales, emphasising our commitment to growing assets across our key funds,' the spokesperson added.