James Robinson, chairman and chief executive officer, leaves Munder Capital Management as of Friday. Dennis Mooradian will take his place.

Mooradian was executive vice president of Munder parent Comerica's Wealth and Institutional Management division.

The new CEO will aim to see Munder's funds sold through Comerica's brokers and used in clients' portfolios.

"Comerica customers like to buy Comerica products," Mooradian told the Detroit Free Press.

Robinson announced his resignation on Tuesday, reported the Detroit Free Press. Robinson plans on starting a fixed income hedge fund.

Enrique Chang, president and chief investment officer, was also appointed chief operating officer. Chang has been with Munder since 2000.

Separately in June, Munder announced that it was devoting more resources to a new equity discipline called "smid" (small and medium) capitalization.

Munder's 193 investment professionals managed approximately $7.8 billion in mutual funds at the end of June. 

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