7IM co-founder Justin Urquhart Stewart is set to retire in the new year after making the decision to step down from his full-time position with the firm.
Stewart (pictured) will instead be taking on a different role from January 2020 when he will continue to represent the firm as an adviser and as an ambassador.
Since 7IM was founded in 2002, Stewart has helped to launch a variety of investment solutions and services including the firm's low-cost pathway model portfolios.
Stewart said: "Over the last two decades it has been a great privilege to watch 7IM grow from an idea to a dynamic business looking after over £14bn of assets for its clients.
"As I take this next step, I do so in the comfort of knowing we have a highly capable and experienced senior management team in place who will be able to take the business forward."
7IM CEO Dean Proctor added: "Justin is one of the most respected and recognised industry figures so we are delighted that we are still able to retain his knowledge, expertise and counsel within the business.
"His advice will be pivotal as we continue to grow and innovate, and we have invested in bringing fresh and diverse talent into the business, creating a new generation ready to step into Justin's shoes - if not his red braces."
UK income funds face a new threat from the eurozone crisis if the pound continues to strengthen against the single currency, leading managers have said.
Insurer Prudential is set to name Paul Manduca as its next chairman after a five-month search to replace Harvey McGrath, the Telegraph reports.
Allianz Global Investors has today launched a range of four risk-graded portfolios, the Allianz RiskMaster funds.
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