Directorate Change

RNS Number : 9533F

St. James's Place PLC

05 May 2011

 



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ST. JAMES'S PLACE plc

27 St. James's Place, London SW1A 1NR

Telephone [phone]    Facsimile 020 7493 2382

PRESS RELEASE

5 May 2011

ST. JAMES'S PLACE ANNOUNCES THE

APPOINTMENT OF CHARLES GREGSON AS CHAIRMAN

Mike Wilson, co-founder of St. James's Place will become a Life President of St. James's Place alongside Sir Mark Weinberg and will retire as Chairman and as a director of the company on 31 December 2011.  He will be succeeded by Charles Gregson who joined the Board as a non-executive director in January 2010, and will be appointed non-executive Chairman with effect from 1 January 2012.

Charles Gregson has more than thirty years of experience in the financial services sector. He was responsible between 1978 and 1998 for the Garban businesses that demerged from United Business Media in 1998 and merged with Intercapital in 1999 to become ICAP, where he is currently Chairman. He is also Chairman of CPP Group and a non- executive director of International Personal Finance and Caledonia Investments.

Mike will continue to retain an ongoing relationship with members of the St. James's Place Partnership and in addition will become Chairman of the St. James's Place Foundation and take on the role of a principal adviser to our Academy.

Commenting today, Mike Wilson said:

"When Mark and I founded the business 20 years ago, our ambition was to create a substantial financial services business.  I am very happy and proud to be able to step down as Chairman when St. James's Place is in such excellent shape and have every confidence for the future of the business under the leadership of David and the executive management team.

The building of St. James's Place into a leading UK Wealth Management company has been a team effort throughout and I personally appreciate enormously the commitment, dedication and support of my colleagues past and present.  St. James's Place has a unique culture and exceptional people throughout the organisation and I am honoured to become a Life President of the company and to continue to have an ongoing role in the future." 

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David Bellamy, Chief Executive, commented:

"I was fortunate enough to join St. James's Place at the outset and have witnessed at first hand Mike's dedication to building the business over the past 20 years.  He has been an inspirational leader and we are all delighted that he has agreed to become a Life President and remain involved with the business going forward."

Charles Gregson, non-executive Chairman elect, added:

"It is a privilege to be invited to chair St. James's Place.  The company has a great reputation and delivers value to both clients and shareholders through an outstanding team of people.  I very much look forward to working with David and the Board and ensuring that the business goes from strength to strength." 

Enquiries:

David Bellamy, Chief Executive		Tel: [phone]
Andrew Croft, Group Finance Director		Tel: [phone]
Tulchan Communications Group Ltd		Tel: [phone]
	John Sunnucks / Mal Patel

Notes to Editors:

1. St. James's Place Foundation

The St. James's Place Foundation founded in 1992, is the charitable arm of the St. James's Place Wealth Management Group. The Foundation is at the heart of the business and aims to improve the quality of life for those people in need as a result of disability or disadvantage. To ensure these needs can be supported the Foundation relies upon the generosity and actions of the St. James's Place Partnership and staff to raise vital funds.

2. St. James's Place Academy

The St. James's Place Academy was formed in 2006 to provide a limited number of outstanding individuals the opportunity to train to become a wealth manager within the St. James's Place Partnership.

 

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