Ascot Lloyd has appointed Francis Jackson as chief executive officer from September.
Jackson will replace Nigel Stockton in the top job at the IFA group, subject to regulatory approval.
Stockton has led the business since 2015, and announced his intention to step down in February 2024.
Jackson joins from The Royal Bank of Canada where he was the chief executive of RBC Investor Services.
He was responsible for developing and executing growth strategies for the business, leading a team of 5,000 employees across 17 countries, delivering roughly $2.5bn in annual revenue. He also implemented several “digital transformation programmes.”
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Prior to the four years as CEO, he was global head of client coverage for investor and treasury services.
Jackson has also held senior management and client-facing roles at JPMorgan and SEI Investments.
He said: “I am delighted to be joining Ascot Lloyd at this important moment in the evolution of the business. Ascot Lloyd has grown considerably over the past decade, firmly establishing itself as a leading player in the UK market.
“This is a pivotal time for the industry as whole; digital transformation, the intergenerational wealth transfer, and shifting client preferences are reshaping competitive lines within the industry.
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“Ascot Lloyd has all the foundations in place to grow its strong market position as this industry evolves, and I look forward to working with the team to accelerate the impressive momentum the business has seen”.
Mike Covell, chair of Ascot Lloyd’s group board, added: “I’d like to thank Nigel for his leadership of Ascot Lloyd for such a long period, during which we have grown considerably.
“As we look ahead, in Francis we have found a deeply experienced chief executive, who has a proven track record of leading teams and delivering outstanding client service.”
The firm has £10bn in funds under advice and more than 57,000 clients.
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