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THE INVESTOR
25TH ANNIVERSARY
During the quarter century since
St. James’s Place was founded,
UK and global markets have been
in uenced by myriad events
– both positive and negative.
Here we look back over the
key events from 1992 right
up to the present
F
The European Union o cially
replaced the European Communities as the 12
founding members signed the MaastrichtTreaty
– or theTreaty on the European Union, to give it
its formal title.The treaty had a di cult birth – it
was initially rejected by Denmark, referred to the
German courts and only squeezed through in France
– but it paved the way for the euro and the birth of
the eurozone.
As now,25 years ago the EU,and
the UK’s relationship with it,
took centre stage
BEGINNING
OF THE END?
S
The UK crashed out of the
European Exchange Rate
Mechanism on BlackWednesday,
less than two years
after joining
the euro’s
precursor, as the
government’s
attempts to prop
up the value of
sterling with interest
rate rises failed.
St.James’s Place opens,
initially called J Rothschild
Assurance Group