About Charles Stanley
Legal and regulatory
Information about the corporate governance of Charles Stanley, our parent company Raymond James and our capital history.
Board of Directors
Hugh Grootenhuis
Chair & Independent Non-Executive Director
Raymond James Wealth Management Limited
Charles Stanley & Co. Limited
Hugh Grootenhuis joined Charles Stanley in September 2017 and is Chair and an Independent Non-Executive Director of the Board of both Raymond James Wealth Management Limited and Charles Stanley & Co. Limited. In addition, Hugh is Chair of the Nomination and Audit Committees as well as being a member of the Risk and Remuneration Committees. Hugh is a Trustee of the Perivoli Foundation and Jo’s Cervical Cancer Trust and a Director of S.W. Mitchell Capital Public Limited Company and Bridge Fund Management Limited, both of which are registered in Ireland. He was formerly Chief Executive of Waverton Investment Management Limited (previously J O Hambro Investment Management).
Paul Abberley
Chief Executive Officer
Raymond James Wealth Management Limited
Charles Stanley & Co. Limited
Paul Abberley joined Charles Stanley as Chief Investment Officer in June 2014 and became Chief Executive Officer in December 2014. He is an Executive Director of the Board of both Raymond James Wealth Management Limited and Charles Stanley & Co. Limited. Prior to joining Charles Stanley, Paul was the interim Chief Executive Officer of Aviva Investors Holdings Ltd and Aviva Investors Global Services Ltd, and a member of the Aviva Group Executive Committee, leading a series of strategic realignments with Aviva Investors Holdings Ltd where he had worked since 2008. Prior to Aviva Investors, Paul spent eight years at ABN AMRO Asset Management as Chief Investment Officer for the ABM AMRO’s Fixed Income and Investment Solutions Division, as well as being Chair of its London Board and a member of the Global Executive Management Team.
Ben Money-Coutts
Chief Financial Officer
Charles Stanley & Co. Limited
Ben Money-Coutts joined Charles Stanley in May 2013, became Chief Financial Officer in March 2015 and is an Executive Director on the Board of Charles Stanley & Co. Limited. Prior to joining Charles Stanley, Ben was Chief Financial Officer and Chief Operating Officer of Saltus Partners LLP from 2007 to 2013; Head of Corporate Broking at Bridgewell Securities from 2003 to 2007; and worked in corporate finance for ING Barings and Charterhouse Bank from 1987 to 2003. He qualified as an ACA at Arthur Andersen.
Marcia Campbell
Independent Non-Executive Director
Raymond James Wealth Management Limited
Charles Stanley & Co. Limited
Marcia Campbell joined Charles Stanley in October 2018 and is an Independent Non-Executive Director of the Board of both Raymond James Wealth Management Limited and Charles Stanley & Co. Limited. In addition, Marcia is Chair of the Risk and Remuneration Committees and is also a member of the Audit and Nomination Committees. Marcia was formerly Group Operations Director and Chief Executive Officer of Asia Pacific at Standard Life. In the past Marcia has sat on the Board of Directors of Sainsbury’s Bank Plc and Murray International Trust Plc, amongst others. She holds various Non-Executive positions at Canada Life Group , Willis Limited and CNP Assurances (a company listed on the Euronext Paris Stock Exchange). She is also a member of the Independent Governance Committee at Aviva Life and Pensions UK Limited.
Peter Moores
Executive Director
Raymond James Wealth Management Limited
Non-Executive Director
Charles Stanley & Co. Limited
Peter Moores joined Charles Stanley in January 2022 and is a member of the Board of both Raymond James Wealth Management Limited as an Executive Director and Charles Stanley & Co. Limited as a Non-Executive Director. Peter is Chief Executive Officer of Raymond James Investment Services Limited and Raymond James Financial International Limited and has responsibility for all Raymond James activity in the UK. He started his career with Chase Manhattan Bank initially as a Relationship Manager in the Financial Institutions Group through to Vice President, Regional Sales Director at Chase Asset Management for Europe. Peter was also Head of Corporate Development at DAB Bank AG before being appointed Chief Executive Officer of its subsidiary, SELFtrade UK. He serves as a Board member-designate of the Chartered Institute for Securities and Investment and chairs the Institute’s Membership Committee and is also an LGBT Great Executive Sponsor and ambassador for Co-operation Ireland’s Youth Leadership Programme.
Tash Elwyn
Non-Executive Director
Raymond James Wealth Management Limited
Charles Stanley & Co. Limited
Tash Elwyn joined Charles Stanley in January 2022 and is a Non-Executive Director of the Board of both Raymond James Wealth Management Limited and Charles Stanley & Co. Limited. Tash started his career at Raymond James in 1993 where he has held various roles and, since 2018, has held the position of President and Chief Executive Officer of Raymond James & Associates. Tash is also head of Raymond James & Associates’ Private Client Group employee business. He serves as a member of the Raymond James Executive Committee, and as a Board member of Raymond James Ltd, Raymond James Investment Services Private Client Group and Raymond James & Associates.
Gala Wan
Non-Executive Director
Raymond James Wealth Management Limited
Charles Stanley & Co. Limited
Gala Wan joined Charles Stanley in January 2022 and is a Non-Executive Director of the Board of both Raymond James Wealth Management Limited and Charles Stanley & Co. Limited.She is the Divisional Chief Risk Officer of Raymond James Financial, Inc. covering the Bank & Trust, Asset Management, and International divisions. Gala joined Raymond James in 2008 where she worked on special projects for the CEO and Chair before joining Raymond James Financial Risk Management in 2010. She has substantial experience in building successful risk management programs firm-wide and implementing transformational changes across the business, in line with regulatory expectations. Prior to joining Raymond James, Gala worked in investment banking and corporate strategy.
Vincent Campagnoli
Non-Executive Director
Charles Stanley & Co. Limited
Vincent Campagnoli joined Charles Stanley in January 2022 and is a Non-Executive Director of the Board of Charles Stanley & Co. Limited. Vincent has held the position of Chief Information Officer at Raymond James since 2011 where he is responsible for managing all aspects of technology across the business. He is an advisory member of the Raymond James Executive Committee, and a member of both the Raymond James Financial Services, Inc. Board of Directors and Raymond James Ltd Board of Directors. Prior to joining Raymond James, Vincent held senior technology leadership roles at UBS Wealth Management Americas, Morgan Stanley and Prudential/Wachovia Securities.
Paul D. Allison
Non-Executive Director
Raymond James Wealth Management Limited
Charles Stanley & Co. Limited
Paul Allison joined Charles Stanley in September 2022 and is a Non-Executive Director of the Board of both Raymond James Wealth Management Limited and Charles Stanley & Co. Limited. He is also a member of the Nomination Committee. Paul is Chair of Raymond James Ltd, Raymond James Investment Services Limited and Raymond James Financial International Limited. Prior to joining Raymond James, Paul was Executive Vice President and Vice-Chair at Merrill Lynch Canada, as well as co-head of its Investment Banking business. Paul was also Head of Equity Capital Markets at BMO Nesbitt Burns, one of Canada's leading bank-owned investment dealers. He is an active volunteer at various charitable and industry organisations.
Sir David Howard
Chair Emeritus
Raymond James Wealth Management Limited
Sir David Howard joined Charles Stanley in 1967 and became Managing Partner in 1971, Managing Director in 1988 and Chair in 1997. Sir David retired from his position as Chair of the Board of Raymond James Wealth Management Limited in September 2023 and now holds the distinguished position as Chair Emeritus following his years of outstanding service to Charles Stanley. Sir David served as Lord Mayor of London from 2000 to 2001 and for many years as a Director of the Chartered Institute for Securities and Investment (CISI). Sir David has also served as a Director of the Financial Services Skills Council, Chair of the Council of City University, President of the Chartered Management Institute, Chair of the CISI Examinations Board and as a Director of the Personal Investment Management and Financial Advice Association. He was also an alternate member of the Takeover Panel and serves on the CREST Settlements Appeals Panel.
Acquisition of Charles Stanley Group
by Raymond James Financial, Inc.
On 29 July 2021, the directors of Charles Stanley Group PLC and Raymond James Financial, Inc. announced that they had reached agreement on the terms of a recommended acquisition by its wholly-owned subsidiary, Raymond James UK Wealth Management Holdings Limited, of the entire issued share capital of Charles Stanley Group, which was to be effected by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the “Scheme”).
On 19 January 2022, Charles Stanley Group announced that the High Court of Justice of England and Wales had sanctioned the Scheme at the Sanction Hearing held that day. The Scheme became effective on 21 January 2022 in accordance with its terms and the entire issued share capital of Charles Stanley Group is now owned by Raymond James UK Wealth Management Holdings Limited.
Following an application on behalf of Charles Stanley Group, the Financial Conduct Authority cancelled the listing of Charles Stanley Shares on the premium listing segment of the Official List and the London Stock Exchange cancelled the admission to trading of Charles Stanley Shares on the Main Market of the Exchange for listed securities on 24 January 2022.
Charles Stanley Group PLC was re-registered as a private company on 7 February 2022 under the name of Charles Stanley Group Limited. It subsequently changed its name to Raymond James Wealth Management Limited on 1 December 2023.
Our Directors' statement
Section 172 of the Companies Act 2006 requires the Directors to act in a way that they consider to be in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole.
In doing so the Directors have regard (among other matters to):
- the likely consequences of long-term decision making
- the interests of the Company’s employees
- the need to foster the Company’s business relationships with suppliers, clients and others
- the impact of the Company’s operations on the community and the environment
- the desirability of the Company maintaining a reputation for high standard of business conduct
- the need to act fairly between members of the Company
Hugh Grootenhuis and Marcia Campbell are independent non-executive Directors. Following the acquisition by Raymond James, the Board also welcomed five further non-executive Directors, Peter Moores, Tash Elwyn, Gala Wan, Vincent Campagnoli and Paul Allison. The Directors believe this ensures there is robust oversight of the executive function, so that strategic decisions are made under proper scrutiny and challenge, in each case having due regard to the likely impact on relevant stakeholders.