Francis Jackson has been named CEO of Ascot Lloyd, UK’s growing IFA firm, pending regulatory clearance.
Nigel Stockton, who has been in charge of the company since 2015 and stated his intention to step down in February 2024, will be replaced by Jackson, who is scheduled to start working for the company in September 2024.
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Formerly the chief executive officer of RBC Investor Services at The Royal Bank of Canada, Jackson is a seasoned financial services professional with a proven track record of driving growth.
Across 17 countries and 5,000 workers, he oversaw a team that developed and implemented the company’s growth initiatives, generating an estimated $2.5bn in revenue annually.
Jackson oversaw the implementation of multiple digital transformation initiatives at RBC Investor Services, which increased operational effectiveness and decreased costs. He was the global head of client coverage for investor & treasury services for four years before taking on the role of CEO.
Having held managerial and client-facing positions at a variety of international institutions, which involves JPMorgan as head of investor services sales and SEI Investments, where he oversaw a team creating SEI’s modern Investment Processing Platform targeted at the global private banking and wealth management market, Jackson has extensive experience in the financial services industry.
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By GlobalDataJackson shared: “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. 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. Francis has worked at some of the leading financial institutions in the world, consistently delivering growth and innovative digital transformation strategies; making him a great fit for the business. Francis has the expertise to lead Ascot Lloyd through this next phase of growth, building on the clear trajectory that has been set over the past decade.”
With £10bn in assets under advice, Ascot Lloyd serves over 57,000 clients with wealth management, corporate benefit programmes, and financial planning services.
