Raymond James Wealth Management (RJWM) has named Sandy Kinney Pritchard as an independent non-executive director and chair and Francesca Hampton as group chief financial officer (CFO).
Both will join the RJWM board in February 2024, subject to regulatory approval.
They will also serve on the respective boards of the underlying regulated entities – Raymond James Investment Services and Charles Stanley.
In her role, Kinney Pritchard will provide strategic oversight and direction for RJWM with the strong financial backing of its parent company.
She has a successful track record of building value as a board member in financial services.
Over the past 20 years, she has held significant independent non-executive director roles in eight financial institutions and one regulatory body.
Commenting on her appointment, she said: “Framed by a £2trn wealth market opportunity in the UK, the combined Charles Stanley and Raymond James wealth management footprint, spanning high-net-worth and mass affluent clients, has the opportunity to be a super competitive wealth market force.
“Leveraging the strengths of these two highly respected firms, with integration of systems and operational capabilities, will position the business to deliver accelerated growth, whilst retaining the high-quality client services both firms are known for.”
Hampton has over 25 years of experience and joins from Cynergy Bank – a specialist bank serving business owners, property entrepreneurs and family businesses.
Here she has held the position of CFO for the past seven years.
At the same time, Ben Money-Coutts will be stepping down from his role as CFO of Charles Stanley and retiring later this year.
RJWM and Charles Stanley chief executive Paul Abberley said: “Both Sandy and Francesca’s appointments are an important step in positioning RJWM to become one of the largest and most reputable wealth management firms in the UK.
“I believe we are now in an unparalleled position in the UK. Our propositions cover the waterfront for the needs of UK wealth clients and wealth professionals, and we are part of a very substantial and successful Group, itself a wealth management firm at heart.
“We are moving into an exciting period for the UK wealth industry, with abundant opportunities for innovation in client propositions and service provision.
“Since joining Charles Stanley as CFO in 2015, Ben has consistently provided valuable strategic guidance and careful stewardship, and more recently has overseen the acquisition of Charles Stanley by Raymond James. We thank him for his contribution to the firm and wish him a happy retirement.”
