Olaf Rogge, the founder of fixed income specialist Rogge Global Partners, is to step down as chief executive, passing on day-to-day management to David Jacob, who has served as vice-chairman and chief investment officer at Henderson Global Investors.

Rogge will remain on as executive chairman, spending more time on clients and investments, a spokesman for the fund manager said in an email to Financial News. He will also work with Jacob on strategic decisions and remain co-chief investment officer.