The chief executive of £9 billion wealth manager JM Finn is stepping aside, making way for another veteran of the firm to take the top job, in a slew of senior changes.

Steven Sussman steps down from the chief executive role on 31 December and will then become the firm’s non-executive chairman. Mr Sussman joined JM Finn in 1997 as managing partner, becoming a managing director in 2006 and chief executive in 2015.

From the start of 2021, the chief executive role will be taken by Hugo Bedford, who joined JM Finn in 2006 from HSBC where he ran the high net worth desk in the investment management division. He has 28 year...