Glyn Jones will step down as chairman of Hermes Fund Managers, confirmed Hermes spokeswoman Jean Dumas.
He will leave Hermes in July after completing his three-year tenure, according to a company news release. It could not immediately be learned where he will go. Efforts to reach Mr. Jones were unsuccessful.
Hermes is searching for a successor, Ms. Dumas confirmed.
Hermes had £25.6 billion ($41.7 billion) in client assets under management as of Dec. 31.