His exit follows the appointment of Logan Wilmont, who joined DraftFCB as its executive creative director in June (Campaign, 22 June).
DraftFCB poached Wilmont, the former creative director at Naked, to replace Andrew Fraser, who left to join Rapier in April as its executive creative director.
Insiders suggest Parshotam felt increasingly sidelined in his role since Wilmont took on responsibility for all of the creative output across DraftFCB's advertising, digital and DM departments.
The agency has no immediate plans to replace Parshotam. Parshotam did not respond to calls. DraftFCB declined to comment.