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Charles Stanley expands asset management team

Charles Stanley stockbrokers has appointed two new investment management teams to its asset management division.

The two teams joined the Company at the end of June under the management of Frank Martin and Elissa Bayer adding total funds under management of more than £250 million.

The acquisition follows Charles Stanley’s recent purchase of Insinger de Beaufort’s UK private client stockbroking in April.

Charles Stanley chairman Sir David Howard comments: “This is one of a number of transactions that we have been working on in recent months. We announced another success, the acquisition of the business of Truro Stockbrokers and recently opened offices in Bristol and Leeds.”


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Up to 1,000 jobs in financial services could be lost as the industry consolidates over the next 12 months, claims the 2008 Plimsoll Analysis.


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