Investment trust RIT Capital Partners has appointed St James’ Place co-founder and life president Mike Wilson to its board.
RIT Capital is part of the consortium that agreed to buy 314 RBS branches to relaunch high street bank Williams & Glyn last week. It has appointed Wilson as a non-executive director and member of its remuneration committee.
Wilson helped to establish SJP in 1992, serving as chief executive until 2004, when he became chairman. He stood down as chairman in May 2011.
RIT non-executive director James Leigh-Pemberton has now changed roles to become chief executive of UK Financial Investments, the body in charge of managing the government’s banking stakes.
RIT Capital Chairman Lord Rothschild says: “I am delighted Mike Wilson is joining the board. Our relationship goes back to the founding of SJP many years ago.
“I would also like to thank James-Leigh Pemberton for his many years of service to RIT, during which he has made an immense contribution. We wish him every success in his new role.”