Columbia Threadneedle Investments executive Jeff Knight has resigned from his dual role as global head of investment solutions and co-head of global asset allocation, a spokesperson for the firm confirmed on Wednesday.
Knight, who was first hired in February 2013 as the firm's global asset allocation head, is departing for a position at a family office based in New York, the spokesperson said. His last day is June 1.
Bill Landes, the deputy head of global investment solutions, will replace Knight as the head of that business.
Additionally, Toby Nangle, Knight's co-head in asset allocation, will continue as the sole global asset allocation head. Meanwhile, Josh Kutin, a senior portfolio manager within the global asset allocation team, has been promoted to the head of asset allocation for North America.
"We have built strong foundations in both our global investment solutions and global asset allocation businesses, with experienced and senior teams in place," the firm said in a statement.
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There are no planned changes to the investment processes and strategies used in the funds Knight had overseen, according to the statement.
Before joining Columbia Threadneedle five years ago, Knight had served as head of global asset allocation at Putnam Investments, a firm he joined in 1993 as a senior quantitative analyst.
His successor in the investment solutions group, Landes, has been at Columbia Threadneedle since 2014. He had worked at Putnam with Knight until 2003, when he left for Gottex Fund Management.
Nangle, the new global asset allocation head, joined Columbia Threadneedle in 2012 after a lengthy career at Baring Asset Management.