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Arjent advisory head Anley exits in wave of job cuts
by Danielle Levy on Aug 05, 2011 at 07:00
Wealth management firm Arjent’s head of advisory Nick Anley is set to leave the company in the wake of its decision to cut headcount in its back office.
Chief executive David Couch (pictured) said the decision to make eight people redundant from its back office was linked to the recent appointment of Pershing as Arjent’s custodian, meaning the firm no longer needed that level of support in its administration team.
He added that the firm had opted to allocate resources to investment management and alternative investments, representing two focus areas and at £75 million in assets, growth has been in line with expectations.
‘This is more about making sure we are in a good position and capitalising on what we think will work in the future,’ he said.
After stepping down, Anley, who has been at Arjent for eight years, has decided to take some time out from the industry, it is understood.
Elizabeth Carr-Stevens, formerly of Investec Wealth and Investment, who recently joined to head Arjent’s private client arm, will take on Anley’s responsibilities.
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