James Thornton, the current chairman of Swiss Life Asset Managers (SLAM) UK, has announced he will step down from his role as of 30 April and leave the business.
Thornton co-founded the business, originally Mayfair Capital Investment Management, in 2002 and oversaw its sale to Swiss Life Asset Managers in 2016.
Today the business manages £2 bn (€2.3 bn) assets under management, comprised of the Property Income Trust for Charities as well as various other funds.
Thornton said: 'It is approaching eight years since we became part of Swiss Life Asset Managers.
'The business is now fully integrated following last year’s name change to Swiss Life Asset Managers UK. The time has come to seek other opportunities in the industry, and I would like to thank and acknowledge the tremendous support I have received from all my colleagues in the UK and in Zurich.
'In Swiss Life Asset Managers, we found a likeminded partner with a long commitment to investing in real estate. It has been a fabulous 22 years and I wish the business all the very best for the future.'
Per Erikson, head of real estate at Swiss Life Asset Managers added: 'We are grateful to James for the trust and partnership as well as his dedication over the last years.
'On behalf of the executive committee, I would like to thank James for his valuable contribution to the success story of Swiss Life Asset Managers UK and wish him continued success in his future endeavours.'
A successor for the chairman role will be announced in due course.
