Shares in St James's Place slumped 6% this morning after the group announced chief executive officer David Bellamy will step down at the end of 2017 after 11 years in the role.
Bellamy, who has worked at the firm for 26 years, will be replaced by Andrew Croft, currently chief financial officer. Craig Gentle, currently chief risk officer, will then join the board as chief financial officer following Croft's move. SJP extends lead as UK's largest private asset manager Despite stepping down, Bellamy (pictured) will remain with the group in an advisory capacity and will take on the role of non-executive chairman for its new international operations. Following the announcement this morning, shares in SJP dropped 6% in early trading to the bottom of the FT...
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