Bertil Hult, head of Carnegie Asset Management and private banking, is leaving the Nordic investment house as Carnegie separates the asset management and private banking operations into two units.

Hult is taking a career break and will leave the firm once the new heads are in place, a spokesman said. Carnegie, the Nordic investment bank, expects to have the new roles filled by the beginning of next year. The asset management business will include asset management, fund management and pension consulting.