Architas chief investment officer Richard Philbin has quit the firm after two years.
Moneymarketing.co.uk revealed this week that Philbin is leaving at the end of this month and deputy chief investment officer Caspar Rock will become the company’s chief investment officer.
Axa says in view of the changing requirements of the chief investment officer role, Philbin has decided to step aside to pursue interests outside Axa.
Architas managing director Hans Georgeson says: “I would like to thank Richard for the valuable contribution he has made to Architas over the last two years, both in terms of contributing to the early formation of the Architas multi-manager business and in driving the development of the MosaIQue fund selection system.”
Philbin joined Architas in 2008 after seven years at F&C.
Chelsea Financial Services managing director Darius McDermott says: “Richard is an experienced investor and perhaps the move to CIO has taken him away from his fund management duties and we will see him running money again.”