The director is the second to leave the bank this year.

UK-based private bank Coutts has declined to comment on media reports stating director of fund research and investment strategy, Minesh Gajjar, has left the company. WealthBriefing does not know yet who will replace Gajjar as director of fund research and investment strategy.

Gajjar joined Coutts in 2013, and was responsible for fund selection for private client portfolios. He was also a member of the private bank’s investment strategy team.

He has 10 years of fund manager research and selection and portfolio management experience, after spending the previous seven years in a variety of financial roles including at ABN Amro, then FTSE Group, where he helped develop index products.

This is potentially the second Coutts director to have left the bank this year. Mark Winterburn left the bank to join Julius Baer in April.