Fitch Live is to cease operating in June.

Fitch chief executive Lois Jacobs confirmed that Fitch Live, which is part of the Fitch network that has several offices across the world, will close this June.

“It employs a talented team but, unfortunately, the revenues have not been sufficient to support the entity for some years,” said Jacobs.

Jacobs clarified that it is not Fitch London that is closing but its sister operation Fitch Live.

“You should be clear, however, that Fitch Live is not Fitch London,” she said. “Fitch Live is a company within a much larger group that includes Fitch London and other offices in nine countries. As such, Fitch remains a vibrant and thriving global design network that continues to grow clients and win awards all over the world. We will continue to invest in this, our core business. Similarly, Fitch London remains very firmly open.”

Fitch Live’s office in Paddington employs 32 staff