Succession appoints CEO after Chamberlain's passing

Succession appoints CEO after Chamberlain's passing

James Stevenson has been appointed chief executive of national wealth management firm Succession.

Mr Stevenson was previously managing director of the wealth management business, he will retain those responsibilities in the wake of this promotion.

He joined the company in 2015 as group operations director.

The announcement comes eight months after Succession’s founder and chief executive, Simon Chamberlain, died suddenly.

Mr Chamberlain, who was 51, had founded Succession in 2009 after selling his business to Axa.

In a statement on Mr Stevenson's promotion, Ray Pierce, executive chairman of Succession, said: “2017 has been a year of outstanding performance and significant growth for Succession.  This appointment recognises James’ strong leadership of Succession Group over the last 18 months, as well as his considerable contribution to the business as a whole since he joined in 2015.”

Last year Succession received investment of more than £25m from HSBC and its existing shareholders towards its strategy of buying the best 50 firms from its affiliated membership by the end of 2017.

Succession manages around £5.6bn for clients, and also has Succession Advisory Services, a fund consolidator.