Charles Stanley director and head of compliance Venetia Malpas is taking early retirement.
In the interim period Ben Money-Coutts, Charles Stanley’s chief operating officer for financial Services has taken over, supported by Peter Kelk, a senior secondment introduced by the firm’s internal auditors Grant Thornton.
Money-Coutts confirmed the firm was looking externally for a replacement.
Malpas had joined Charles Stanley upon the firm's acquisition of Shaw & Co in December 1997.
She assumed the position of deputy compliance manager until the retirement of her predecessor Eric Hurrell, in March 2003, and was appointed to the operating board of Charles Stanley as director of compliance for the whole group on 1 April 2003.
Chairman and managing director Sir David Howard (pictured) told Wealth Manager: ‘Venetia will continue to provide assistance to the board on a number of special projects for the foreseeable future.
‘The board would like to publicly thank Venetia for her many years of dedication in the compliance director role, during a period of profound change in our industry, and will look forward to using her experience in some of the special projects she will be undertaking.’