Jon Little, the interim co-head of BNY Mellon Asset Management, one of the largest fund houses in the world, is to leave the company to work for a family office. The news comes two months after the asset manager's former chief executive left the company.

Little will leave BNY Mellon at the end of August, according to a spokesman for the company. He is understood to be joining Kedge Capital, the family office of Swiss billionaire Ernesto Bertarelli. The company did not respond to a request for comment in time for this article.