The parent company of Options Pensions, formerly known as Carey Pensions, has shaken up its executive team to make savings as it moves to push up revenues.
According to a trading update, STM Group is reducing the number of executives it has from three to two, with the current role of chief operating officer being made redundant during the second half of 2021.
Pete Marr, the existing COO, has agreed to step down in the fourth quarter of 2021.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.