Commenting on her departure, Hartmann chief executive Andrew Fitton explained that a review of the firm’s wealth management positioning, overseen by non-executive director Roderick Collins, was conducted at the end of last year.

The wealth management division, which was launched under Carr-Stevens, and offers bespoke portfolio management, will take a new “discretionary route” with regards to wealth management. As a result, the firm is looking to hire a new team and is currently in discussions to buy in “top-level” employees, he said. The firm’s new wealth management structure is set to re-launch later this year, at which point a replacement for Carr-Stevens will be announced.

Before joining Hartmann Capital, Carr-Stevens was head of private clients at Arjent. Prior to this she worked for Cazenove Capital Management, where she held the role of fund director for five years.

Hartmann, which launched its high and ultra high net worth business last year, currently has £65 million ($106 million) in assets under management.