Four members of the investment team of brokerage Redmayne-Bentley have walked out, one week after the firm appointed its new head of investment.
The stockbroker confirmed four investment managers and two support staff – including business development manager Jon Moody – have left the business with immediate effect.
The staff are on gardening leave until the end of March apart from Moody, whose contract will run until the end of May.
Leeds-based Redmayne-Bentley has seen a significant turnaround of staff on its investment team in the last year.
James Andrews took charge of investment management last week, after the departure of Georgina Mitchell.
Before joining Redmayne-Bentley, Andrews was head of equity research at KPMG.
Two other investment managers have left in the last 12 months – Carolyn Black and Thomas Malloch.
Keith Loudon, a senior partner, said: “Redmayne-Bentley is continuing to expand. We recently welcomed a team of four in our London office with two more experienced investment managers starting in the next few weeks.
“In Leeds we have recently made a first-class appointment of head of investment management, James Andrews from KPMG. A new experienced investment manager starts in Leeds on Monday, with another joining next month. We are in negotiation with a number of other brokers and investment managers and we are confident in our continuing success and expansion.”