27th Oct 2014 09:35
LONDON (Alliance News) - Charles Stanley Group PLC on Monday said it has appointed Paul Abberley as it next chief executive, with plans for him to take up the role once regulatory approval is secured.
Charles Stanley announced in September that David Howard would relinquish his chief executive role, but retain his role as non-executive chairman, due to the European Union's Capital Requirements Directive. The directive includes a requirement to separate the roles of chief executive and chairman.
Abberley joined Charles Stanley in June as chief investment officer-designate. Prior to this, he worked as the interim chief executive officer at Aviva Investors Holdings Ltd and Aviva Investors Global Services Ltd and was a member of the group executive committee at Aviva PLC.
Shares in Charles Stanley were untraded on Monday, last quoted at 329.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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