Lanyon will step down from the position, and from the Rathbones board, “during the course of 2012”, Rathbones said in a statement. He will, however, continue as an investment director managing portfolios for his clients.
Chief operating officer Paul Chavasse will replace Lanyon once he relinquishes the position. Rathbones is now seeking a new COO as a result.
Lanyon joined Rathbones in 1992 to focus on private client discretionary investment management, and was appointed to the company board in March 1996.
