View more on these topics

Lund quits as chief executive of St. James’s Place

St. James’s Place has revealed that Mark Lund has stepped down as chief executive and is leaving the group to seek a fresh challenge.

In a statement on the resignation, St. James’s Place says it make a joint decision with Lund that he should step down.

The search for a new chief executive will start shortly, but in the interim period David Bellamy, who has been group managing director over the last five years, will take over responsibility for the day-to-day running of St. James’s Place.

He will be supported by group finance director Andrew Croft and group sales director Ian Gascoigne.

Mike Wilson, chairman of St. James’s Place, says: “The board would like to thank Mark for his significant contribution and commitment since joining the group three years ago and becoming chief executive in September 2004.

“During this time St. James’s Place has grown new business and profits substantially.

“The St. James’s Place Partnership is well positioned to continue to capitalise on the opportunities in the fast expanding wealth management market.

“We wish Mark continued success in the future.”

Lund adds: “The last three years have been outstanding for the group and I am delighted to have been part of this.

“I wish everyone at St. James’s Place a very successful future.”

The group also confirms that growth in new business continued in Q4 and that new business is in line with market expectations.

Its new business results will be announced on January 25.

Recommended

Woolwich launches fixed and tracker range

Woolwich has launched its new range of lifetime tracker and fixed rate products.The lifetime tracker will, for the first two years of the mortgage, track at 0.01% below base and then reverts to 0.17% above base for the remainder of the term.Woolwich is also offering a five-year fixed rate to 4.98%, with a 90% LTV. […]

My key word for 2007 is standards

It would be obvious of me to use this opportunity to look ahead to the next six months and map out the challenges the industry can expect to face. You may call me Mr Obvious.

Crown earns high rating

Fitch Ratings has given Crown Mortgage Management UK a positive rating, with its UK commercial mortgage ratings being the second highest possible. Crown manages mortgage outsourcing for organisations including the Royal Bank of Scotland.

Christmas overspending triggers IVA surge

Christmas overspending has triggered a dramatic surge in demand for individual voluntary arrangements, says personal insolvency specialists W3 Debt Solutions. Research from the Begbies Traynor Group subsidiary found a 58% rise in demand for IVAs in December 2006 compared to the previous December. It warns that early indications in January already point to 2007 being […]

piggy, cash, money

A tailored approach to protection

By Ian Smart, Product Architect, Royal London In an ideal world, clients would be able to afford as much protection cover as they wanted, but few would describe current times as anything approaching ideal. But this doesn’t mean that they have to indulge in an either/or decision that results in missing out on some essential […]

Newsletter

News and expert analysis straight to your inbox

Sign up