Harry Morgan, head of investment management at Adam & Co, will be taking a year out to do an MBA at Edinburgh University, a spokesperson for the company has confirmed.

Morgan will take up his studies in September, and will continue to work for Adam & Co part-time while studying. He intends to return to go back to full time once he is done.

Adam & Co will not replace him in the meantime as the firm believes the 27-strong investment team will be able to cope.