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THE INVESTOR
25TH ANNIVERSARY
W
hen St. James’s
Place opened its
doors in 1992,
we had a handful
of employees and
just three fund managers.Twenty-five
years later, we are a FTSE 100 company
with a staff of more than 1,600,
almost 70 fund managers, more
than 3,000 advisers and £75 billion
of funds under management.
The world has also changed
substantially over that period and
we have had to be cognisant of
these changes and their impact
on our clients. In some respects,
the world seems smaller as rapid
developments in technology
have allowed us to
communicate instantly
with people across the
world. Business and finance
have also become more
global: when we started,
our focus was quite
St. James’s Place Chief Executive Officer looks back at how
the company has grown into an organisation that is valued
by investors worldwide for its expertise and integrity
YEARS
ON
BY DAVID BELLAMY
UK-centric: now, we have fund managers
across five continents, fromAustralasia
to NorthAmerica.They invest in a
range of asset classes including property,
fixed interest, smaller companies and
infrastructure, as well as equities.
Our founding shareholders were
ScottishAmicable and Jacob Rothschild,
who owned 60% of the company
between them, and we traded as
J. RothschildAssurance. Five years
later we were listed on the London
Stock Exchange. By the turn of the
century, their shareholding had been
acquired by HBOS, which, following
the banking crisis of 2008, became part
of Lloyds Banking Group, our name
had changed to St. James’s Place and we
began the journey to wealth
management. By the end of
2013, Lloyds had disposed
of its entire shareholding.
A year later, we became
a constituent of the FTSE
100 Index – the list of the
Wewill continue
to believe in the
integrity of our
relationships