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Schroders Personal Wealth slashing quarter of workforce

Schroders Personal Wealth slashing quarter of workforce
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Schroders Personal Wealth to cut roles in business restructure

Workforce reduction is ‘next phase of journey’ as it gains operational independence from Lloyds
Schroders Personal Wealth has cut a number of roles as part of a structural change to the business as it achieves operational independence from Lloyds Banking Group.
A spokesperson confirmed the firm will be reducing the size of its workforce as part of the “next phase of our journey” after transitioning clients and their assets from Lloyds to its own platform.
A statement from SPW said: “Today we announced some structural changes within SPW. The result of these changes is that we will be reducing the size of our workforce across the business.” ....

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The Morning Briefing: Changes at Quilter and job cuts at Schroders Personal Wealth

11
th December 2020
9:08 am
Good morning and welcome to your Morning Briefing for Friday, 11 December, 2020. To get this in your inbox every morning click here.
Quilter national MD departs
Quilter is having a bit of a shake-up for its advice-focused roles as Darren Sharkey, the managing director of the firm’s national advice business will depart at the end of this year.
The company has created two new managing director roles for advice as it looks to focus on client segments.
Michelle Andrews will oversee Quilter’s proposition for higher net worth clients including working closely with the independent adviser market. ....

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