Charles Stanley to build on asset management overhaul - Christopher Aldous

Last year, the firm overhauled its asset management division, which included developing a new investment proposition, as part of a wider review of the business as it seeks to become a leading wealth manager by 2020. The group's four asset management businesses - Pan Asset, CPS, Matterley and IHT - were combined so equity, fixed income and collectives research could be better co-ordinated and integrated. Aldous (pictured) said assets under management in this division have grown by 20% over the past year to just over £1.3bn. As with any restructure, the changes led to several departu...