LONDON: Steffan Williams, co-founder of Publicis Groupe-owned agency Capital MSL, has left the firm to take a role at RLM Finsbury.
MSLGroup announced the move this morning in a short statement that confirmed Williams' departure “to pursue another opportunity.”
“We wish him well and thank him for his 12 years at Capital MSL and within MSLGroup,” the firm said in the statement. “Co-founder Richard Campbell continues in his role as chief executive of the firm, supported by a strong and broad management team [that has] successfully presided over industry-leading growth in recent years."
Williams, Campbell, and Nick Lockwood, who has since left the agency, founded Capital MSL with backing from Publicis in 2001 and have grown the firm into a top-ten player in the UK financial PR market.
Campbell said that the shop will not look to replace Williams directly, but added that “we see this as an opportunity to bring in new ideas and networks.”
Capital MSL has largely built its business on growth in cross-border international work, particularly in the Middle East.
The merger of WPP Group-owned UK financial PR giant Finsbury and US corporate PR shop RLM in January 2011 expanded Finsbury's international reach.
Williams is understood to have begun a leave period before assuming his new post at some point early next year.
Capital MSL parent company Publicis announced its merger with former rival Omnicom Group to form the world's largest marketing services holding company in July. The deal must pass regulatory hurdles in dozens of countries.
A PR subcommittee will be established to determine the future structure of the combined holding company's PR and communications agency brands and assets.
This story originally appeared on the website of PRWeek UK.