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St. James’s Place: FitzPatrick Ascends as New CEO Amid Regulatory Shift

St. James’s Place, the largest wealth manager in the UK, has appointed Mark FitzPatrick as its new chief executive officer, replacing Andrew Croft.

FitzPatrick, a former executive at Prudential, will assume the role on December 1 as the company faces increased scrutiny over its fees. Photo: Getty Images
FitzPatrick, a former executive at Prudential, will assume the role on December 1 as the company faces increased scrutiny over its fees. Photo: Getty Images

The appointment of FitzPatrick comes as the UK financial regulator introduces a stricter “consumer duty” regime, which will closely examine the fees charged by wealth managers.

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