Harry Wulfsohn, who has been a director and head of institutional business development at Stenham, the London-headquartered investment management group, is leaving the business.

Wulfsohn told this publication in an email that he has “decided to leave Stenham to pursue new opportunities”, but did not elaborate on his plans.

Stenham has around $5.2 billion of client assets, based on figures for October last year, and also provides fiduciary and finance business services. It is 54 per cent-owned by Peregrine Group, a wealth and alternative asset management firm in South Africa and Europe, with shares listed on the Johannesburg Securities Exchange.

The firm did not respond to this publication's request for details, such as on the issue of a possible successor to Wulfsohn.