Charles Stanley Direct has restructured its management team after seeing three senior departures since December. Charles Stanley Group director Mike Lilwall will remain as head of proposition and he will be assisted by newly appointed managing director Magnus Wheatley. Wheatley was previously head of digital marketing and communications for the group.

As part of the overhaul, Marcus Tree has been named head of digital operations. The company direct's head of investment research Ben Yearsley was leaving the firm. This followed the departures of investment director Douglas McNeill, who recently exited to join Macquarie Capital and the departure of the platform's architect, Rob Hudson, at the end of last year.