Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

SJP still paying ex-chief Bellamy £230k a year

SJP still paying ex-chief Bellamy £230k a year

Former St James's Place (SJP) chief executive David Bellamy will still be paid £230,000 a year, after stepping down from the role at the start of 2018. 

Bellamy (pictured) is being retained by the restricted advice group as an adviser to its international business and executive team.

According to SJP's annual report he will be paid a salary of £230,000 for his services, a significant reduction from his pay package as chief executive which saw him receive a total of £2.5 million in 2017.

This consisted of a salary of £518,000, a £754,000 bonus, extra benefits of £51,000, long term incentive shares worth £1.1 million and pension contributions of £103,500. 

Bellamy's successor Andrew Croft will receive a slightly higher basic salary of £520,000 this year. The remuneration committee said in the annual report this 3% rise was in line with the basic salaries of the companies' workforce. 'After this increase, the base salaries
remain below market median for a company of our size both in
financial services and general industry,' the report said. 

Croft received a total package of £1.8 million as chief financial officer in 2017. Ian Gascoigne and David Lamb also received pay packages worth £1.8 million last year. 

SJP posted new business profits of £779.8 million in 2017, with assets growing to £90.7 billion. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Play CEO Tapes: 'We don't care about the average fund manager'

CEO Tapes: 'We don't care about the average fund manager'

The bosses of 13 asset management groups recently came to Citywire London HQ for two separate round table discussions.

Read More
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter