SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

First year marked by challenges and change

Sahar Nazir
clock • 11 min read

When Mark FitzPatrick officially took the reins as CEO of St James’s Place (SJP) last year, he inherited a group at a crossroads. SJP faced a critical moment: could it convincingly reinvent itself, or would lingering legacy issues undermine its efforts?

The UK's largest wealth manager has been working hard to modernise its image and rebuild trust with advisers, clients, and the broader public. Its days of ‘cruises and cufflinks' may be behind it, but the group has at times faced a rocky year both reputationally and for its shareholders under new stewardship. FitzPatrick, a former CEO of Prudential, inherited several challenges on taking the helm. Not least, getting on top of the Financial Conduct Authority's (FCA's) Consumer Duty and salving reputational and share price fallout on fees and service. First appointed CEO designate in Se...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read