The resignation of Denis Nagy, the chief executive and co-founder of Dolfin Financial (UK) marks the end of a chapter for one of the most interesting recent entrants to the UK wealth management market.

A graduate of Moscow State University as well as the London Business School (LBS) Mr Nagy launched Dolfin in 2013 along with Roman Joukovski, another LBS alumnus, whose career encapsulated a number of institutions including Deutsche Bank, E&Y and NatWest Markets.

Thereafter the firm grew rapidly, especially over the past 18 months.