St. James's Place chief executive David Bellamy is to step down from his position at the end of 2017 to be succeeded by current chief financial officer Andrew Croft.
Bellamy will step down from the Board at the end of 2017 after 26 years as an executive, the last 11 of which he served as chief executive, the firm announced to investors on the stock exchange this morning.
He will remain an adviser to the group and will take on the role of non-executive chairman of its new international operations.
Meanwhile Craig Gentle, currently chief risk officer, will join the board as chief financial officer, subject to regulatory approval.
Chairman Sarah Bates said: "Under David's leadership, St. James's Place has gone from strength to strength. Client funds have more than quadrupled to over £75bn, the partnership has grown consistently to over 3,000 advisers today, and the company has become an established member of the FTSE 100.
"On behalf of the board, I thank David for his outstanding contribution throughout his 26 years of service."
Bellamy added: "It's been an incredible journey and I am very proud of what we have achieved together since the Group commenced trading in January 1992. It's been a great privilege to have led St. James's Place through a period of great transformation and success over the last 11 years and I would like to thank the executive team and everyone in our community for making these achievements possible."
Bellamy, who started his career at Hambro Life in 1973, joined St. James's Place (formerly J. Rothschild Assurance) in Cirencester when it was founded in April 1991, and was appointed to the board in 1997, to become managing director three years later.
He was appointed chief executive in 2007 and oversaw the company's entry into the FTSE 100 in 2014.
Croft joined the company in 1993 and held a number of roles within the finance department before assuming the role of finance director in 2002 and chief financial officer in 2004.