Charles Stanley has announced that three senior positions within the group are in danger as it outlines sweeping changes to its operating model and management structure.
Investment Week understands that Magnus Wheatley, managing director of Charles Stanley Direct; Christopher Aldous, head of asset management; and Gary Teper, director responsible for the investment management division, are in danger of losing their jobs as part of the restructure. Charles Stanley FUMA increases 4.6% in Q2 However, Charles Stanley added: "Those affected have been informed and the company has entered a formal consultation process with them. The company will, where possible, look to redeploy those affected to other roles. The consultation is expected to conclude by 22 May...
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