Charles Stanley has named its new heads of investment management services, succeeding Gary Teper who left the firm in May amid its restructure.

A spokesperson for Charles Stanley said Mr Teper’s role, head of investment management, was being split into “two specialist roles”, which now which now incorporates private client investment management and asset management.

Peter Kelk, previously chief risk officer, takes the first of these roles and becomes managing director of investment management services – business management.

He will be responsible for ensuring that all non-investment aspects of the divi...