Shake-up at Heath Lambert sees Margrett walk

David Margrett, chief executive of broker Heath Lambert, has stepped down from active involvement in the management of the broker, with Ian Martin assuming the role of executive chairman for the group with immediate effect. The moves are part of a future restructuring of the company.

Under the restructure Adrian Colosso will take up the role of managing director for the UK, and with Mike Bruce, UK chief operating officer and Surinder Beerh, managing director for overseas, will assume greater responsibility for day to day management of the business. Richard Sansom will continue in his role as finance director. They will be charged with continuing the development of the company.

Heath Lambert Group said it is in the process of a financial restructuring with the support of its