City Financial head of UK equities Leigh Himsworth is leaving the firm to join Fidelity, Money Marketing sister title Fundweb understands.
The departure would see Himsworth working at the same asset management house as former colleague Dan Roberts.
Himsworth and Roberts worked briefly together at Gartmore and then at Eden Financial, which was acquired by City Financial in 2012.
By then Roberts had joined Fidelity, leaving Eden in 2011.
Himsworth is currently manager of the £69m City Financial UK Opportunities fund and it is unknown who will be managing the fund upon his depature.
Both City Financial and Fidelity declined to comment.
Charles Stanley Direct head of investment research Ben Yearsley says: “It is an interesting choice as Himsworth has moved around a bit. He is a good mid-cap manager and I wonder if he will get lost the Fidelity due to its much larger size.
“Fidelity do not have a dedicated mid cap fund at the moment so it will be interesting to see what he will end up managing.”