Sovereign Strategy has announced that it will be recommending a new management structure at the company AGM later this month.

The move comes as Non-Executive Directors Walter Brinkmann, Lord Cunningham and Baroness Billingham reach the end of their terms of office. This means that the company will no longer have any financial association with parliamentarians

Following the restructuring, Chief Executive Iain Malcolm will become the company CEO and Deputy Chairman, whilst Rory O’Neill and Michael Quigley will become Managing Directors with responsibility for overseeing the company’s existing and new client development in the UK and global market respectively. Iain, Rory and Michael will sit on a new “Executive Management Team” that will control Sovereign’s Affairs. Alan Donnelly will remain Executive Chairman.

CEO and Deputy Chairman Iain Malcolm said: “We’ve had a lot of growth, particularly in the London office, and felt it was time to streamline the management processes. A lot of people in the industry were aware that this announcement was coming, as this is the direction we’ve been going in for some time. The aim is to introduce a more modern, client-focused service so that we continue to ensure clients get maximum value from using us.”