SJP shares slide as CEO Bellamy bows out
Shares in St James’s Place (SJP) were down 2.6% at 1060p Tuesday morning, following news that chief executive David Bellamy plans to step down after 26 years at the firm.
Shares in St James’s Place (SJP) were down 2.6% at 1060p Tuesday morning, following news that chief executive David Bellamy plans to step down after 26 years at the firm.
Rowan Dartington has announced former Tilney Bestinvest man Peter Roper has been hired as an investment manager and will spearhead a move into the Scottish capital.
Shares in St James’s Place jumped 3.3% to 980p during the opening minutes of trading following reports of its healthy year-on-year growth in funds under management.
Rowan Dartington has registered a year-to-date FUM increase of 25%, buoyed by its private client, IFA and international businesses, as well as funds from parent St James’s Place.
St James’s Place-owned Rowan Dartington has continued its hiring spree with the recruitment of two private client hires in Leeds and Ipswich.
Fresh from an acquisition spree in the UK, St James’s Place is taking its pioneering business model east in its next phase of growth
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St James’s Place has increased its interim dividend by 15% despite reporting a profit drop in the second quarter.
Differences in debt and development are the primary indicators that the UK property crisis of ’09 is not going to repeat itself, said Philip Gadsden of Orchard Street Investment Management.
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Rowan Dartington is aiming to near double its assets under management over the next two years, according to executive chairman Graham Coxell.
Announcing strong results for the full year, St James’ Place said it is planning a new office in Canary Wharf, following the completion of the Rowan Dartington acquisition.