St James's Place names investment director replacement
Wealth manager reports 4% rise in first half profits
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Wealth manager St James’s Place on Wednesday named Robert Gardner to replace David Lamb as director of investments next year.
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Also reporting half year results, the company said net inflows rose 21% to £5.2bn as pre-tax profits increased 4% to £79.6m. Funds under management stood at £96.6bn, up from £83bn in 2017.
Gardner is the co-founder of pensions consultancy business Redington.
The news comes a day after St James removed Standard Life Aberdeen as manager of its ethical fund and replaced it with Impax Investment Management.
The interim dividend was increased 20% to 18.49p a share.