Shawn Burns, who faithfully followed Paul Fiani to Integrity Investment Management from UBS, has quit the firm.

Burns was part of a six member investment team. He had the final say on the $5.5 billion long-only Australian equity portfolio if Fiani was away.

“We’re looking for a small cap analyst or team, one or two people,” says Fiani.

Four-year old Integrity has $1.5 billion of retail money. The rest is institutional. The firm has a bottom up, valuation-based investment process that picks no more than 50 stocks from the ASX 300.