Kristen McGachey

London

Wealth Management Correspondent at Financial News

Financial journo originally from LA, now living in the UK. Wealth management correspondent @Dowjones @FinancialNews

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Articles

Inside SJP’s stunning turnaround

2 days ago | fnlondon.com | Kristen McGachey

XWe need your consentWe and our partners use “cookies” and similar technologies on our websites so that we can offer you the best possible experience. Cookies allow us to access and store data on a device and process personal data, such as unique dentifiers, sent by a device to personalise content, tailor and report on advertising and analyse our traffic. We work with 72 partners to do this. By clicking “Yes, I Agree” you will allow the use of these cookies.
How SJP’s new boss called in the consultants and revamped the firm

3 days ago | fnlondon.com | Justin Cash |Kristen McGachey

How SJP’s new boss called in the consultants and revamped the firmA new CEO has made bold moves, but challenges remain for the wealth giantWednesday 4 June 2025 at 23:00When Mark FitzPatrick took the helm of Britain’s largest wealth manager in December 2023, he was facing a tough road ahead. St James’s Place had been buffeted by a series of reputational hits.
Julius Baer shutters Qatar office, prepares Abu Dhabi launch

4 days ago | fnlondon.com | Kristen McGachey

Julius Baer shutters Qatar office, prepares Abu Dhabi launchThe Swiss wealth manager is doubling down on UAE expansion 20 years after opening in DubaiTuesday 3 June 2025 at 23:00Julius Baer is shuttering its office in Qatar after less than three years as it prepares to launch in Abu Dhabi in a pivot towards the United Arab Emirates. The Swiss wealth manager set up an advisory office in Doha, Qatar’s capital city and financial hub, in October 2022 to further boost its presence in the Middle East.
Julius Baer CEO says no new job cuts planned, despite savings drive

5 days ago | fnlondon.com | Kristen McGachey

Julius Baer CEO says no new job cuts planned, despite savings driveBut Ex-Goldman Sachs banker Stefan Bollinger did not rule out future job losses as he shaves an extra CHF130m in costsTuesday 3 June 2025 at 10:21Julius Baer chief executive Stefan Bollinger has no immediate plans to push through more job cuts, as he ramps up his cost savings push at the wealth manager. But the ex-Goldman Sachs banker did not rule out future job losses.
Lombard Odier’s UK growth kick

1 week ago | fnlondon.com | Kristen McGachey

Lombard Odier’s UK growth kickCatch up on the top news in wealth management this weekThursday 29 May 2025 at 12:55
Hargreaves Lansdown chief Dan Olley exits after £5.4bn private equity takeover

1 week ago | fnlondon.com | Kristen McGachey

Hargreaves Lansdown chief Dan Olley exits after £5.4bn private equity takeoverChair of transformation committee Richard Flint named as interim successorThursday 29 May 2025 at 10:25Hargreaves Lansdown chief executive officer Dan Olley is leaving the UK investment platform after only two years in the top role. Olley will be succeeded on an interim basis by Richard Flint, chair of Hargreaves Lansdown’s transformation committee, subject to regulatory approval, the company said.
Lombard Odier ramps up hiring for UK wealth business

1 week ago | fnlondon.com | Kristen McGachey

Lombard Odier ramps up hiring for UK wealth businessSwiss private bank plots strategic hires following move to new London headquartersWednesday 28 May 2025 at 23:00Lombard Odier is planning a string of strategic hires for its UK wealth arm as it looks to win more business from domestic entrepreneurs and private equity executives. Duncan MacIntyre, UK region head and limited partner for Lombard Odier, told Financial News the UK is a “very important strategic market” for the Swiss private bank.
Why wealth managers are flocking to Dubai

1 week ago | fnlondon.com | Kristen McGachey

XWe need your consentWe and our partners use “cookies” and similar technologies on our websites so that we can offer you the best possible experience. Cookies allow us to access and store data on a device and process personal data, such as unique dentifiers, sent by a device to personalise content, tailor and report on advertising and analyse our traffic. We work with 72 partners to do this. By clicking “Yes, I Agree” you will allow the use of these cookies.
How much did CEOs at SJP, Rathbones and Quilter earn last year?

2 weeks ago | fnlondon.com | Kristen McGachey

How much did CEOs at SJP, Rathbones and Quilter earn last year? Catch up on the top news in wealth management this weekThursday 22 May 2025 at 12:05This is an online version of FN’s weekly wealth management newsletter. To subscribe, click hereHow much does your wealth manager get paid? According to Glassdoor, senior wealth managers in the City receive a base salary anywhere between £74,000 and £103,000 per year.
Standard Chartered raids Julius Baer for UAE private banking team

2 weeks ago | fnlondon.com | Kristen McGachey

Standard Chartered raids Julius Baer for UAE private banking teamUK bank hires Yahya Ismail as its new Dubai-based Emea market headWednesday 21 May 2025 at 07:33Standard Chartered has raided Julius Baer for a string of hires for its private banking team in the United Arab Emirates. The UK bank has hired Yahya Ismail as managing director and market head for Europe, Middle East and Africa, based out of its Dubai office.