Schroder Investment Management Australia says Kent Jensen and Alex Mears have let the firm to pursue other interests.

Jensen, whose stock research included media, mining services, paper and packaging, is returning to Norway to embark on a career outside asset management.

Mears, who was responsible for uranium, oil and gas and utility stocks, will travel and probably not work in finance.

“In the current market environment I don’t think it will be a particularly difficult exercise to find replacements,” says Greg Cooper, the chief executive officer at Schroder in Australia.

The company has 14 people in its Australian equities-investment team and manages about $10 billion.

“Departures over the year are a normal course of events,” says Cooper.

Schroder hired two junior analysts last year. This year Marcus Burns re-joined the firm as a portfolio manager after some time abroad.