Stuart Dyer, the lead on Close Asset Management's acquisition strategy, is to leave the firm.

Dyer, who has been at the company for the past six years and was the impetus behind some of the firm's recent acquisitions of CavanaghChartwell and Allenbridge Group, is set to retire in March.

Commenting on Dyer's planned departure, Close chief Martin Andrew said: 'I shall miss him a lot. He has made a huge contribution to the business and has been a huge help to me over the last three to four years.'

With a number of acquisitions now under the firm's belt, Andrew added that Dyer's departure would not necessarily stifle the firm's acquisition strategy if the right opportunity presented itself. 'There have been no concrete decisions yet, we are still looking. The process which Stuart kicked off will continue, but we won't be replacing him directly in this regard.'