Cotswolds wealth management firm, St James's Place, has hired a successor to its chief financial officer — with a salary of £625,000, plus annual bonuses.
The appointment of Caroline Waddington as CFO follows an 'extensive and robust' selection process.
She succeeds Craig Gentle in the role, who is retiring from the business in the second half of 2024, after eight years.
Craig is also stepping down as director for the company but plans to remain with the business for a short period, to facilitate an orderly handover.
Caroline joins St James's Place from global wealth management firm, UBS, where she acted as CFO for the Group's UK Credit Suisse entities and COO for Credit Suisse International.
She began her career at accountancy firm Coopers & Lybrand, before gaining further experience in senior finance roles at Barclays, RBS and Deutsche Bank.
Chair of St James's Place, Paul Manduca, said: 'Caroline is highly experienced and has proven financial services expertise that she has developed in her career to-date.
'On behalf of the Board, I would like to thank Craig for his contribution to the Group since his joining in 2016, particularly his careful stewardship of the Group's finances since becoming chief financial officer in 2018. We would like to wish Craig the best for the future.'
Caroline added: 'As a strong believer in the transformative power of financial advice, I'm excited to be joining the UK's leading financial advice business and contributing to its future success.'
