St. James's Place Management Succession
28 February 2017 - 6:01PM
UK Regulatory
TIDMSTJ
ST. JAMES'S PLACE PLC
MANAGEMENT SUCCESSION
St. James's Place plc announces that David Bellamy has decided
to step down from the Board at the end of 2017 after 26 years as an
executive, the last 11 of which he has served as Chief Executive
Officer. Andrew Croft will succeed David as Chief Executive
Officer* and Craig Gentle, currently Chief Risk Officer, will join
the Board as Chief Financial Officer*. David will remain with the
Group in an advisory capacity and will take on the role of
non-executive Chairman of our new International operations.
Sarah Bates, Chairman, said:
"Under David's leadership, St. James's Place has gone from
strength to strength. Client funds have more than quadrupled to
over GBP75 billion, the Partnership has grown consistently to over
3,000 advisers today, and the Company has become an established
member of the FTSE 100. On behalf of the Board, I thank David for
his outstanding contribution throughout his 26 years of
service.
We are delighted to announce that Andrew Croft will become Chief
Executive Officer when David steps down. Andrew has already played
a key role in the success of the Group, serving as Chief Financial
Officer for the past 12 years and is the ideal person to lead St.
James's Place. Craig Gentle will be appointed Chief Financial
Officer.
Having expanded the senior management team over the last couple
of years we have an outstanding leadership group with real strength
and depth for Andrew to lead going forward."
David Bellamy, Chief Executive Officer, said:
"It's been an incredible journey and I am very proud of what we
have achieved together since the Group commenced trading in January
1992. It's been a great privilege to have led St. James's Place
through a period of great transformation and success over the last
11 years and I would like to thank the executive team and everyone
in our community for making these achievements possible. The Group
is in excellent shape and better placed than it ever has been for
the opportunities that lie ahead and I know that, under Andrew's
leadership, St. James's Place will continue to go from strength to
strength."
Andrew Croft, Chief Financial Officer, said:
"I am naturally very pleased and honoured to be asked to take on
the role of Chief Executive Officer and very much look forward to
working with the entire St. James's Place community in the coming
years."
*Both appointments are subject to Regulatory approval
Biographies:
David Bellamy
David joined St. James's Place (formerly J. Rothschild
Assurance) in Cirencester when it was founded in April 1991, and
was appointed to the board in 1997. Appointed as Managing Director
three years later, David became Chief Executive of St. James's
Place in 2007 and saw the Company enter the FTSE 100 in 2014. David
has over 40 years' experience working in the insurance industry,
having started his career at Hambro Life in 1973. He is a Trustee
of the St. James's Place Foundation.
Andrew Croft
Andrew joined the Company in 1993 and has been Chief Financial
Officer since 2004. Having trained as an Accountant with Deloitte
Haskins and Sells (now part of PricewaterhouseCoopers) he then
worked in the financial services sector. Since joining St. James's
Place he has held a number of roles within the Finance department,
assuming the role of Finance Director in 2002. He is a Trustee of
the St. James's Place Foundation.
Craig Gentle
Craig Gentle joined St. James's Place in 2016 as Chief Risk
Officer. A qualified Chartered Accountant (ACA), Craig was
previously a Senior Audit Partner at PwC in London. He has more
than 20 years of experience working with listed groups and other
large financial services businesses in areas including statutory
audit, transaction support and conduct risk.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170227006234/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
February 28, 2017 02:01 ET (07:01 GMT)
St. James's Place (LSE:STJ)
Historical Stock Chart
From Apr 2024 to May 2024
St. James's Place (LSE:STJ)
Historical Stock Chart
From May 2023 to May 2024