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Paul Carne, manager of the F&C Lifestyle fund range, is leaving the company to join an institutional consultancy firm.
Carne, who is named manager of the funds and a member of the Thames River Multi-Capital team following its takeover of the group by F&C last year, is understood to be joining Aon.
A spokesperson for F&C confirmed Carne was departing.
He said Thames River's multi-capital team, headed up by Gary Potter and Robert Burdett, would now manage the funds via a subadvisory agreement.
John Yule, head of UK sales for Thames River, said there would be no change to the investment process on the funds as a result of the departure.
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