Charles Stanley has restructured its research department to create a new UK equity committee, which has seen four analysts made redundant.
The committee will be led by head of equity research Tina Cook, who has been with the firm since 2008. It will work closely with the investment strategy committee to align equity research with the firm’s investment processes.
Senior equity analysts Tony Shepard, Sam Hart, Rae Ellingham and Peter Thorne have left the company following the restructure.
A Charles Stanley spokesperson said: ‘The 10-strong UK equity committee provides oversight, analysis and recommendations across Charles Stanley’s business units, rejuvenating and improving the value that equity research delivers our clients. Regrettably the restructure resulted in the redundancies of several equity analyst roles.’
Shepard, who has been with the company for 19 years, previously worked as an analyst at Greig Middleton. Hart joined Charles Stanley 12 years ago, from Brewin Dolphin.
Ellingham and Thorne, who worked at the firm for six and two years respectively, had joined from Hardman & Co and Edison, respectively.
Charles Stanley has been in the process of restructuring a number of its teams in order to better position the firm’s investment management arm.
After an overhaul in 2016, three people, including head of open-ended fund research Shauna Bevan, left the company. Following on from the changes, Cook was appointed to fill the position of head of equity research.