Chris Elliot has stepped down as Tysers CEO, leaving the company with immediate effect citing personal reasons.
It is understood that Christopher Spratt will take up the role as CEO in the interim.
Tysers was founded in 1820 and is the largest staff-owned broker in the London market. It has been speculated for a number of years that the company would be sold, with rumours intensifying at the news of Elliot’s resignation.
Tysers confirmed that a search for a successor was already underway with an official announcement due to be made by senior management soon.
Elliott has been CEO of Tysers since 2007, having become a partner in the business in 1994. He has a 10% ownership stake in HBH and led the management buyout in 2007.