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Senior roles at risk as Charles Stanley looks to streamline business

Thu, 09th May 2019 11:07

(Sharecast News) - Wealth manager Charles Stanley has announced plans to cut senior management roles as it looks to streamline the business.The company said on Thursday that it will be launching a "significant transformation project" to improve general efficiency and create greater agility to innovate.As part of the plans, it will restructure management, putting three roles at risk: the head of investment management, managing director of Charles Stanley Direct and head of asset management. Charles Stanley said it has entered a formal consultation process with those affected and will look to redeploy them to other roles, where possible."The creation of a seamless internal structure will facilitate working across teams and reflect our single customer view," it said.The transformation project accelerates existing projects aimed at improving IT, customer service and back and middle office performance.It will include the creation of a single back and middle office. As a result of a legacy of different business lines and organisational structures, the group currently operates many different systems and approaches across the back and middle office."A single approach will deliver the scale and efficiency to support a single customer view and omni-channel approach, enabling the it to deliver a better service to its clients," it said.The project will also involve the simplification and standardisation of processes to deliver more effective and streamlined processes for its 400 investment professionals, enabling them to better meet clients' needs and expectations.At 1105 BST, the shares were up 5% at 288.79p.

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6 Mar 2019 16:51

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23 Nov 2018 14:21

DIRECTOR DEALINGS: Charles Stanley Chief Executive Purchases Shares

LONDON (Alliance News) - Charles Stanley Group PLC said Chief Executive Officer Paul Abberley acquired shares in the investment management company in a transaction on Friday.Abberley bought

23 Nov 2018 13:13

Friday broker round-up

(Sharecast News) - Kingfisher: Goldman Sachs downgrades to neutral with a target price of 270p.

22 Nov 2018 12:07

Charles Stanley Interim Profit Drops But Managed Funds Increase

LONDON (Alliance News) - Charles Stanley Group PLC on Thursday reported a drop in interim profit but the wealth manager increased its funds under management and upped its dividend the six months a

24 Jul 2018 13:28

Charles Stanley funds under management up 4.6% in first quarter

(Sharecast News) - Charles Stanley posted a jump in first-quarter funds under management on Tuesday, driven by a positive market performance.

24 Jul 2018 13:17

Tuesday broker round-up

(Sharecast News) - Britvic: Shore Capital Markets downgrades to hold.

13 Jun 2018 09:49

Charles Stanley Hikes Dividend By Third As Revenue Rises In Full-Year

LONDON (Alliance News) - Charles Stanley Group PLC on Wednesday raised its dividend following strong revenue and profit growth in its recently ended financial year.Charles Stanley lifted by

22 Mar 2018 18:10

Charles Stanley Holds 5.0% Interest In Portmeirion (ALLISS)

LONDON (Alliance News) - Portmeirion Group PLC said on Thursday that Charles Stanley Group PLC now holds a 5.01% interest in the company in a transaction on has not been what

31 Jan 2017 08:03

Charles Stanley Sees More Trading And Improved Revenue In Quarter

24 Nov 2016 08:50

Charles Stanley Shares Jump As Profit Surges And Funds Grow

8 Sep 2016 11:16

Charles Stanley sells Luke Street lease for £5.6m

(ShareCast News) - Investment management company Charles Stanley has sold its long lease in Shoreditch for £5.6m as part of an office consolidation. The firm exchanged contracts for the sale of the 35 Luke Street property's lease on Thursday and the proceeds will offset the one-off costs involved in

30 Aug 2016 11:57

DIRECTOR DEALINGS: Charles Stanley Director Sells Shares

21 Jul 2016 08:02

Charles Stanley On Track For Year With Funds Under Management Higher

16 Jun 2016 17:08

Broker tips: Charles Stanley, Playtech, Berkeley Group

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

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