The firm says it is focusing resources on front-line client servicing and sales and is planning to rationalise some support functions. Marlow will not be replaced. The company has also entered into a consultation with some staff in support roles which it anticipates will lead to a number of redundancies.
Marlow has been with the firm for over five years, after overseeing marketing at The Bureaux.
Chief executive Grant Stobart says: “Changing market conditions have meant that some of our clients have reduced the number of new entrants to their pension schemes and are deferring spending decisions. By taking decisive action now, we will ensure that our business is well positioned to capitalise as conditions improve.”