The current chairman of Prudential and industry veteran Paul Manduca is set to take up the helm of St James's Place.
Mr Manduca will take over from current chairman Iain Cornish when he steps down next year.
Mr Cornish, who has been on the board since 2011, will step down at next year’s annual general meeting, having served as chairman since 2018.
Mr Manduca is currently chairman of Prudential, a position he has held since July 2012, having joined the board as senior independent director in October 2010.
He is due to step down from his current position on December 31, 2020.
Prior to Prudential, Mr Manduca held a number of senior leadership roles in business and financial services.
He was the founding chief executive officer of Threadneedle Asset Management as well as global CEO of Rothschild Asset Management and European CEO of Deutsche Asset Management.
Mr Manduca said: "I have long admired St. James's Place for the unique service it offers to its clients of expert financial advice and a distinctive approach to investment management.
"I look forward to working with the whole SJP community as St. James's Place continues its development as the leading provider of long-term financial planning at a time when the need for this is greater than ever."
Roger Yates, senior independent director of SJP, said: "I am delighted that our thorough search process has resulted in the selection of Paul Manduca as our next chair.
"He has extensive boardroom experience across the financial services sector and his expertise will be invaluable to St. James's Place.
"The board and I would like to thank Iain for his service to St. James's Place as chair and as a director since 2011. We have benefited immensely from his wise counsel and guidance during that period."
amy.austin@ft.com
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