Tullett reshuffle: Collins out

Collins left the firm he has worked at for over 25 years, following a board meeting of parent company Collins Stewart Tullett (CST) in mid-April. Marketing director David Orchard also left the firm, after volunteering for redundancy last week.

Terry Smith, chief executive of CST in London, declined to comment on the reasons for the departures. But a source close to the firm suggested the board is disappointed by Tullett’s profits in London.

During 2003, Tullett Liberty’s profits in Europe were

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