Mattioli Woods board members resign in 'rebalancing'

Remain in senior management team

Wealth manager Mattioli Woods has announced two directors have stepped down from its board as it moves to clearly separate the board of directors from senior management.

In a stock exchange announcement, the group said chief operating officer Mark Smith and employee benefits managing director Alan Fergusson had resigned from the board with immediate effect in a streamlining move "in order to underpin its governance and control standards". This follows internal and external reviews of the effectiveness of the company's board, its sub-committees and the group's senior executive management framework, the statement added. Mattioli Woods to acquire Amati Global Investors in £3.3m deal The board will now consist of six members, reduced from eight, compri...