Charles Stanley Group PLC Directorate Change (8770Z)
May 22 2019 - 6:39AM
UK Regulatory
TIDMCAY
RNS Number : 8770Z
Charles Stanley Group PLC
22 May 2019
Charles Stanley Group PLC
Directorate Change
Charles Stanley Group PLC ("Charles Stanley" or "Group") today
announces that the Head of Investment Management and Group Board
Director, Gary Teper, will be leaving the Group and its
subsidiaries by mutual agreement as at the 31st May 2019 and has
resigned as a director of the Company with effect from 21st May
2019.
This announcement follows the update on 9th May 2019 in which
the Group highlighted its intention to restructure its operating
model through a major transformation project, including plans to
standardise processes and introduce a new, simplified
organisational structure to support Charles Stanley's goal of
achieving a 15% net margin.
Commenting on the departure, CEO Paul Abberley stated, "I would
like to thank Gary for the support he has given me since my
appointment and the contribution he made at Board and ExCo level
over that period. The Private Client Investment Management Division
has been restructured under his leadership and is now well placed
for further growth and success."
Group Chairman, Sir David Howard, commented, "I would like to
express my thanks to Gary for all he has done for Charles Stanley
over many years. Since joining as Legal Counsel he has undertaken a
number of different roles within the Group diligently and extremely
effectively. More recently he has resolutely overseen the
reconstruction of our Private Client Investment Management, which
will provide a solid foundation for the future development of that
division."
As required by section 430(2B) of the Companies Act 2006,
details of the remuneration payments to be made to Gary Teper will
be published on the Investor Relations section of the Company's
website from 31st May 2019.
Charles Stanley Group PLC LEI: 213800LBSEGKE5MCYC90
For further information, please contact:
Charles Stanley Canaccord Peel Hunt Newgate Communications
Siobhan Griffiths Genuity Guy Wiehahn Adam Lloyd
Head of Communications David Tyrrell 020 7418 8893 020 3757 6884
via Newgate 020 7523 4677 charlesstanley@newgatecomms.com
Notes to editors:
Charles Stanley traces its origins back directly to 1792 and is
one of the oldest firms on the London Stock Exchange. Charles
Stanley today provides holistic wealth management services to
private clients, charities and smaller institutions. These are
delivered by over 350 professionals located in 25 offices
throughout the UK, both direct to clients and to intermediaries.
Our services include investment portfolio management and financial
planning, supported by in-house administration to enhance the
quality of service provided. In addition, Charles Stanley Direct
provides an award winning direct to customer execution-only dealing
platform for equities and funds.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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