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SJP’s Balchin appointed Ascot Lloyd CFO


National advice firm Ascot Lloyd has appointed Iain Balchin as chief financial officer.

Balchin joins the firm, which provides financial planning, wealth management and corporate benefit consultation, from St. James’s Place where he was executive director of finance for three years.

Prior to that he held positions at BNP Paribas, AIG, Standard Chartered and Credit Suisse.

He was also finance director of corporate banking for Lloyds Banking Group.

Ascot Lloyd chief executive Richard Dunbabin says: “Iain has considerable experience of driving improvements in financial performance and shaping the future of a number of successful businesses. We welcome him as a member of the team as we continue to enhance the quality of our offering and drive the company’s expansion.”

Balchin says: “Ascot Lloyd is poised to benefit from significant future growth and I am excited to be joining at a pivotal time in the development of the organisation.”



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St James’s Place has come under fire after suffering a back office system failure that means clients are being prevented from transferring away from the wealth manager. The issues are preventing clients from accessing written information on their investments and are causing severe delays when withdrawing cash. The wealth management firm is facing problems with […]


SJP system failure leaves clients stranded

Problems with the back office system at St James’s Place mean clients are being prevented from transferring away from the wealth manager. The issues with the back office system mean clients are unable to access written information on their investments and are facing severe delays to withdraw cash. The problems relate specifically to its new back […]


SJP sees record inflows in Q4

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Investment Association disbands regulatory unit as SJP exits

The Investment Association has disbanded its regulatory affairs unit in an attempt to cut costs after three of its biggest members announced their intention to quit the trade body this year. The head of the regulatory affairs unit at the trade body, Richard Metcalfe, as well as a member of his team have been pushed […]


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