As chief financial officer, a newly created role, Balchin will be responsible for the financial development and management of Ascot Lloyd as it continues to grow. Ascot Lloyd has ambitious plans and Balchin will help to formulate and implement its strategic expansion, according to the firm.
The hire is part of Ascot Lloyd’s plan to launch a push into the discretionary fund management space. Balchin, who has more than 18 years’ experience in the financial services and wealth management sector, spent three years at St James Place where he transformed the finance function as the company transitioned into the FTSE100.
“Iain has considerable experience of driving improvements in financial performance and shaping the future of a number of successful businesses. We welcome him as a member of the team as we continue to enhance the quality of our offering and drive the company’s expansion,” said Richard Dunbabin, chief executive, Ascot Lloyd.
“Ascot Lloyd is poised to benefit from significant future growth and I am excited to be joining at a pivotal time in the development of the organisation,” added Balchin.
Prior to St. James’s Place, Balchin held senior finance positions at BNP Paribas, AIG, Standard Chartered and Credit Suisse. He was also finance director of corporate banking for Lloyds Banking Group.
