CAY.L Share News (CAY)

Paul Abberley has been named as the new chief executive officer (CEO) of investment company operator Charles Stanley Group.He replaces Sir David Howard, who is remaining on the board as non-executive chairman as announced last month.Howard said: "Paul stood out from amongst a strong field of candidates, both internally and externally, that entered the process for appointment for the CEO role. This process was swift and my thanks go to our non-executive directors, David Pusinelli and Bridget Guerin, who handled this appointment with a great deal of professionalism."Paul is perfectly equipped with the knowledge, experience and expertise to lead Charles Stanley going forward."He will take up the role on an interim basis whilst it awaits approval from the Financial Conduct Authority.