SJP receives scathing open letter from shareholder criticising 'bloated organisational structure' and 'excessive pay'
Suggests reducing adviser operating expenses
The letter, which was written by PrimeStone managing partner Benoit Colas and partner Damien Hahnloser, urged the board of directors at SJP to discuss the proposal at their next meeting and to launch a cost review and optimisation project immediately.
Investment firm PrimeStone Capital has penned an open letter to the St James’s Place (SJP) board of directors outlining its disappointment with the shareholder value delivered by the advice giant.
The letter, which was written by PrimeStone managing partner Benoit Colas and partner Damien Hahnloser, urged the board of directors at SJP to discuss the proposal outlined by the pair at their next meeting,...
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