Clarien Bank Limited said on Friday that founding member and co-chief executive officer Zoran Fotak will be leaving the bank.

A statement said that he will be on leave until October, but that his official last day will be October 18.

Ian Truran, also a founding co-CEO, will remain co-CEO for Clarien.

He will assume continued leadership of the bank in the interim period.

According to Clarien Bank website, Mr Zoran was formerly with St. George Asset Management and has more than 25 years of senior financial services experience including as a director of Merrill Lynch International Bank.