UK – Deutsche Asset Management’s chief financial officer for fixed income in the UK, Ian Clarke, will be leaving the company, in what is believed to be a mutual agreement between the two parties.

Deutsche Asset Management, which has 102 billion euros in European pension fund assets under management, confirmed the move but declined to comment further. It is believed that Steve Ilott, currently head of fixed income, will be extending his role to take on Clarke’s duties.

In October, Deutsche Asset Management lost three of its UK equity pension fund managers, two of whom were fired because of poor performance.