Spanish manager Gesconsult announced the departure of Juan Aguirre earlier this month just three months after he joined the firm.
Aguirre was appointed chief executive and associate member of the firm's board of directors in May this year. According to both himself and the company, Aguirre's exit has taken place "by mutual agreement and in a friendly manner" and is mainly due to disagreements between the two parties related to the implementation of the company's strategic plan.
According to sources close to the matter, both Aguirre and Gesconsult have wished to each other the best success for the future.
Aguirre joined Gesconsult from Azvalor, where he started working in October 2016 appointed as one of its partners and director of large accounts. He has over 30 years' industry experience in private banking, asset management, distribution networks, and strategic consultancy.
Previous companies where he worked include Citi, AB Asesores and Morgan Stanley.
Gesconsult, set up some three decades ago, has some €592m in assets under management according to Inverco's latest data. One of its flagship strategies, the Gesconsult Renta Variable fund, accumulates a three-year annual return of 6.63%.