Ascot Lloyd has appointed Francis Jackson as chief executive who will join the firm in September this year.
Jackson will succeed Nigel Stockton who has led the business since 2015 but decided to step down in February.
Jackson was previously the chief executive of RBC Investor Services at the Royal Bank of Canada and led a team of 5,000 employees and 17 countries.
During that time he implemented several digital transformation programmes, driving operational efficiency and cost reduction.
Prior to this he was the global head of client coverage for investor and treasury services at RBC.
Jackson 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.
“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”.
Jackson also held senior management and client-facing roles at a range of global institutions including at JPMorgan, as head of investor services sales, and SEI Investments, leading a team designing SEI’s investment processing platform.
Mike Covell, chair of Ascot Lloyd’s group board, added: “I’d like to thank Nigel Stockton for his leadership of Ascot Lloyd for such a long period, during which we have grown considerably.
“As we look ahead, in Jackson we have found a deeply experienced chief executive, who has a proven track record of leading teams and delivering outstanding client service.
"Jackson 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.
"Jackson 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.”
alina.khan@ft.com
