Baring Asset Management’s head of UK mutual fund sales will leave the group in the summer, marking the fourth senior departure from its ranks within a week.

Jerry Devlin, who joined Barings in 2004, will leave in the summer to join New York-headquartered alternative asset manager Castlestone Management as head of sales. The role was formerly held by chief executive Dennis Burger, who held both positions before handing over the role to Devlin.