Coller Capital CEO Tim Jones steps down

In a statement confirming Jones's resignation, Coller stated it would review its governance model.

Jones joined Coller in 2000, when the firm employed 17 staff, and became CEO in 2013. Coller currently employs 180 people and closed its latest secondaries fund on $7.15bn less than a month ago.

"This was not an easy decision for me. I am grateful to Jeremy [Coller] and the firm for respecting my reasons, and for the graciousness they have shown to me at a difficult time," Jones said in a statement.

"Tim's decision to step down as CEO is disappointing, both for the company and for me personally," CIO Jeremy Coller said in a statement. "He has been an exceptional colleague for more than 15 years, contributing strongly to many aspects of our business – not least, since 2013, as our CEO. I am, though, delighted that we will retain access to his insight and experience as a special adviser."

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