As part of its ongoing reorganisation of its business, wealth manager Charles Stanley has completed the restructure of the management team in its private client investment management (PCIM) division.
The restructure consists of three main changes which have been made to improve efficiency throughout the division and better serve its investment managers and staff: the appointment of four new directors to the private client development team; the introduction of a dedicated private client services team; and a new private client committee.
Charles Stanley has appointed four directors to the private client development team to work with Plc director and head of investment management, Gary Teper, to support the firm’s investment managers. The four directors are Jonathan Arthur, Rupert Boyle, Chris Harris-Deans and Juliet Wedderburn.
Arthur has joined from Hanson Asset Management, where he was head of investment management. Prior to this he worked for UBS Wealth Management, Deutsche Asset Management Tilney and Rensburg.
Wedderburn previously ran her own financial services consulting business, was a partner at Above Wealth and head of london private wealth management at Deutsche Bank.
Boyle and Harris-Deans are internal appointments. Boyle has been at the firm for over three years and prior to this role was the branch liaison manager, while Harris-Deans took on the role of director of regional development four years ago.
The four directors will oversee all teams and branches within PCIM, including focusing on business development and identifying operational efficiencies. The directors will also act as an interface between the investment managers and senior management.
In addition to these appointments, a newly formed PCIM services team has been put in place to support the division on a strategic and operational level. The team will be led by Griffin and tasked with supporting day-to-day operations of the private client division and lead projects and change initiatives.
The firm’s PCIM Committee has been reformed as a divisional board to oversee the development of the private client investment management division. In addition to the PCIM management team, the committee will include six investment managers from across the firm to ensure that current, practicing investment managers are included in the strategic decision making process for the division.
Teper says: “We believe this restructure will enable us to provide a more comprehensive, cohesive service to our investment managers, which in turn will further support our private client base. We recognise that to achieve our goal of becoming a leading UK wealth manager by 2020 we will need to provide exceptional leadership and support to our investment managers and this improved support structure is an important milestone on that journey.”