Nicky Richards has resigned from her post as chief investment officer of MLC Investment Management.
Richards, who officially departs the National Australia Bank-owned group this October, is leaving the company on her own terms.
MLC Investment Management head of equities Jonathan Armitage will act in the role of chief investment officer while MLC undertakes a global search for a replacement, the company said in a statement.
"Nicky joined MLC in 2010 with a mandate to lead the reinvigoration of the MLC Investment Management business, evolve our investment strategy, strengthen core capabilities, and attract investment talent," the statement said.
"All of these have been achieved over the past two years, along with the very strong investment performance of our core multi-manager funds.
"MLC thanks Nicky for her valued contribution and achievements during her time with the organisation and wishes her all the very best for the future."
Armitage joined MLC Investment Management as global equities portfolio manager from Schroders in August last year.
He was appointed head of equities in December.
He has almost 20 years experience in equities across several international markets and has worked in New York, London and Sydney.
