Chris Samuel (pictured), chief executive of Ignis Asset Management, is to leave the group ahead of its official takeover by Standard Life Investments on July 1
The decision, believed to have been circulated via an internal email to staff, will see Samuels leave the asset manager after four years in the post. He has previously served on the boards of Gartmore, Hill Samuel Asset Management, and Cambridge Place Asset Management.
His departure follows that of head of distribution Tim Edwards, who has joined Insight Investments, earlier this month.
This morning, Ignis' parent group, life company Phoenix, announced FCA approval for its divestment of the asset managers to SLI.