The Money Portal (TMP) co-founder Richard Craven is to step down as CEO to be replaced by St James's Place chief executive Mark Lund.
The Board of TMP says the move will allow Craven, who will become executive vice chairman, to shift his focus away from day to day activities and concentrate instead on “a number of important long term strategic initiatives”. TMP says Lund, CEO at St James’s Place since 2004, is “one of the few” senior individuals with experience of both manufacturing and distribution in the advisory and direct channels. Craven says it was always TMP’s intention to bring in a new CEO once the firm hit 20% market share of retail asset flows. It currently runs some £12bn of assets under advice. “I have ...
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