Charles Stanley's Aldous builds on recent asset management restructure

'A slumbering beast which is stirring'

Charles Stanley is "a slumbering beast which is stirring" according to head of asset management and distribution Christopher Aldous, as the group capitalises on its year-long restructure.

Last year, the firm overhauled its asset management division, which included developing a new investment proposition, as part of a wider review of the business as it seeks to become a leading wealth manager by 2020. The group's four asset management businesses - Pan Asset, CPS, Matterley and IHT - were combined so equity, fixed income and collectives research could be better co-ordinated and integrated. Aldous (pictured) said assets under management in this division have grown by 20% over the past year to just over £1.3bn. As with any restructure, the changes led to several departu...