UK adviser firm Ascot Lloyd has appointed Francis Jackson as chief executive officer, effective September, subject to regulatory approval.
Jackson takes over from Nigel Stockton, who has led the business since 2015 and announced his intention to step down in February 2024, according to a statement.
Jackson joins from the Royal Bank of Canada where he was the chief executive officer of RBC Investor Services. He was responsible for developing and executing growth strategies for the business, leading a team of 5,000 employees in 17 countries, and delivering roughly $2.5bn in annual revenue.
At RBC Investor Services, Jackson implemented several digital transformation programmes, increasing operational efficiency and cost reduction. Prior to the four years he spent as CEO, he was the global head of client coverage for Investor & Treasury Services.
Jackson has gained financial services’ expertise during his tenure in senior management and client-facing roles at a range of global institutions including at JP Morgan, where he was head of investor services sales, and SEI investments. He led a team designing SEI’s innovative investment processing platform aimed at the global private banking and wealth management market.
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”.
Mike Covell, chair of Ascot Lloyd’s group board, said: “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.”
