After a tough three years Maclay Murray & Spens’ (MMS) chief executive Chris Smylie is to step down from his role, with corporate head Kenneth Shand to take over the reins of a firm which has seen revenue drop 33% since its £61.1m high in 2008 but is now executing significant changes out of a root and branch strategic review.
Smylie, who has chosen not to stand for a second term, will return to his role as a partner in MMS’ planning team. In the interim, he will work with Shand to ensure a smooth transition to becoming CEO in June.
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