St James’s Place managing director of investments David Lamb will step down from the wealth management giant’s board at the start of next year.
SJP announced this morning that founder of investment consultancy Redington Robert Gardner will take over the role of director of investment management on 7 January, subject to regulatory approval.
Redington already helps service SJP’s portfolios along with other external consultants including Stamford Associates.
Lamb will chair SJP’s investment committee on a part-time basis, and Gardner will remain a non-executive director at Redington.
Lamb rose up the ranks at SJP from his role as group as group business development director, after working as an investment manager at Friends Life and then chief research actuary at Allied Dunbar.
He will have spent nearly three decades at SJP before he retires.
SJP chairwoman Sarah Bates says: “On behalf of the board, I would like to thank David for his significant contribution to the success of SJP for what will be 27 years’ service on retirement, particularly in relation to the development and operation of our investment management approach. We are delighted that Robert is joining us to lead our investment proposition, and look forward to benefiting from his significant experience.”