Oliver Hemsley, the founder of AIM listed City broker Numis Corporation PLC (LON:NUM), has announced he will step down as chief executive this autumn.
He will be succeeded by Alex Ham and Ross Mitchinson, who will share the role.
Hemsley told investors: "After over 25 years at the helm, it is time to allow the next generation to drive Numis forward.
“The business is in really good health having just reported excellent half-year results and is well positioned to grow in the future. I intend to play a full part in helping to develop the business further.
"Alex and Ross have worked alongside me for a number of years now and I have huge confidence in them, their vision for the firm, and their determination and commitment to its continued success."