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Croft to replace Bellamy at St James’s Place

David BellamyAndrew CroftSt James’s Place chief executive David Bellamy (far left) is stepping down from the board at the end of the year after 26 years as an executive, the last 11 in his current post.

He will be succeeded at the wealth management company by Andrew Croft (right) will, while Craig Gentle, currently chief risk officer, will join the board as chief financial officer.

Mr Bellamy has worked in the financial services industry since 1973. He has held a number of roles at St. James’s Place, including group operations director and managing director.

He is a Trustee of the St. James’s Place Foundation and a member of the Financial Conduct Authority’s Practitioner Panel.

Mr Croft joined the Company in 1993 and has been chief financial officer since 2004.

He trained as an Accountant with Deloitte Haskins and Sells, now part of PricewaterhouseCoopers.

He is a Trustee of the St. James’s Place Foundation and a lay member of the Audit, Risk & Investment Committees of the Royal College of Surgeons of England.

The changes coincide with annual results showing growth in all aspects of the business resulting in a 20% increase in the final dividend.

Record year of new investments, funds under management and operating profits

Gross inflows were 23 % higher at a record £11.35 billion (2015: £9.24 billion)

Record net inflows of £6.8 billion

Funds under management of £75.3 billion, up 28% for the year

Funds under management have more than quadrupled to over £75 billion.

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