Charles Stanley plans to streamline its business and cut senior management roles as part of its efforts to boost profit margins.
As part of a transformation project announced on Thursday, Charles Stanley will create a “seamless internal structure” to improve operational efficiency and “create greater agility to innovate”. Charles Stanley has set a goal of a 15 per cent net margin.
The London-based investment management group has proposed restructuring its management team, placing some roles at risk
The revamp will involve rationalising operating systems in its back and middle office and simplifying processes for its 400 investment professionals.
The move reflects the steps wealth managers are taking to boost profitability amid slowing organic growth coupled with increasing regulatory costs.
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