LONDON (Alliance News) - Wealth manager Charles Stanley Group PLC said Wednesday that Head of Investment Management & Director Gary Teper will leave the group and its units by mutual agreement at end of May.
Teper has also resigned as a director of the company with immediate effect, the company added.
The departure of Teper is part of the company's intention to restructure its business model through a major transformation project, including plans to standardise processes and introduce a new, simplified organisational structure to support the goal of achieving a 15% net margin.
Shares in Charles Stanley were trading 1.1% lower at 297.60 pence each on Wednesday afternoon.