The chief executive of the London-listed wealth management group is leaving.

Roderick Gentry, the chief executive of European Wealth has resigned from the role and stepped down from the board of directors.

Gentry has been a board director of the group since its launch in 2010. He has over 20 years’ experience in the wealth management industry, having also served as CEO of Ashcourt Asset Management. His resignation is effective at the end of April.

The group did not say who will succeed Gentry as CEO.

“Rod has been a close colleague of mine for many years, firstly at Ashcourt and subsequently, with European Wealth. The group is indebted to him for his efforts over the last six years in helping to build the business we have today,” John Morton, executive chairman of European Wealth, said in a statement on the London Stock Exchange.

“The board and the management team would like to place on record their appreciation for his dedication, and wish him all the best for the future.”

European Wealth made a number of acquisitions last year, including those of the financial planning business of UK legal firm Bells Solicitors, London-based financial advisory firm ISM Solutions and Cheshire-based Xcap Nominees.

In its latest trading update, released in December, European Wealth issued a profit alert for the second half of 2015, warning that its earnings before interest, taxes, depreciation and amortisation (EBITDA) may be hit by lower than expected turnover.