Wealth Management

SJP chief Mark FitzPatrick’s first year in charge: Job cuts, a new top team and fee overhaul

Ex-Prudential chief took the reins at one of the most challenging periods in the wealth giant’s 33-year run

Monday 9 December 2024 at 00:00

St James’s Place plans to axe 500 jobs as it restructures under FitzPatrick’s leadership
St James’s Place plans to axe 500 jobs as it restructures under FitzPatrick’s leadership Photo: Alamy Stock Photo

When Mark FitzPatrick took the reins of St James’s Place last December, the wealth giant turned to an outsider to turn its fortunes around. 

FitzPatrick, a former Deloitte partner, joined the firm at one of its lowest points since it was established in 1991.