St James’s Place co-founder joins RIT Capital

Mike Wilson has been appointed to the board of RIT Capital Partners as an independent non-executive director and member of the remuneration committee.

Mr Wilson is joint founder and life president of St James’s Place, the wealth management and financial services group, where he was chief executive from its establishment in 1992 until 2004, and chairman from 2004 to 2011.

Prior to founding St James’s Place, Mr Wilson served on the boards of Allied Dunbar and BAT Industries.

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James Leigh-Pemberton, a non-executive director since 2004, has stepped down from the board following his appointment as chief executive of UK Financial Investments.

Lord Rothschild, chairman of RIT Capital Partners plc, said: “I am delighted that Mike Wilson is joining the Board. Our relationship goes back to the founding of St James’s Place Capital 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 to the company. We wish him every success in his new role.”