ASB Securities drops four advisers

ASB Securities has farewelled four advisers as part of a restructuring.

The stockbroker has previously said it wanted to discontinue its client advisory service, affecting six staff.

ASB chief executive relationship banking Stewart McRobie said the firm was keeping its transactional sharebroking business and would still offer advice on certain stocks.

One of the four advisers who left is Stephen Wright.

- NZPA