Discretionary wealth manager Quilter Cheviot has teamed up with the Big Four accountancy firms to help the accountants’ employees and families manage their investment portfolios.

Shirley Garrood, senior independent director at Hargreaves Lansdown, is to step down at the end of 2020 in order to take up the position of chair of Royal London Asset Management in 2021.

Quilter has recruited Ruth Markland as a non-executive director and senior independent director.

A skilled persons review has called for a raft of compliance and governance improvements at cross border financial services group STM which saw its chief executive arrested in Gibraltar last year.