St James's Place CEO steps down

In an announcement to the London Stock Exchange the advisory firm says the Board of the company and Mark Lund, the chief executive, jointly agreed Lund would step down in order to seek a fresh challenge. It says the search for someone to replace Lund, who joined the group three years ago, and became chief executive in September in 2004, will start shortly, but states in the meantime David Bellamy, group managing director for the past five years, will take over the day-to-day responsibility of running the firm. St James’s Place says Bellamy will be supported in the interim by Andrew Crof...