Frederic Rombaut has left his head of corporate development international position at Cisco after four years to run investment and advisory firm FR Development.

Frederic Rombaut, the UK-based head of corporate development international at US-listed computer network equipment supplier Cisco Systems, has this month left to run his own investment and advisory service, FR Development.

The move is the latest change at Cisco, which in October promoted Hilton Romanski, its senior vice-president of corporate development who covers mergers and acquisitions as well as the company’s $2bn private equity and venture capital portfolio, to chief strategy officer.

Romanski in turn promoted Rob Salvagno to head…