Jonathan Sorrell takes over as chief executive of Rathbones
- Jonathan Sorrell will succeed Paul Stockton as Rathbones' new chief executive.
- Paul Stockton planned his retirement coinciding with his 60th birthday after six years in the role.
- This leadership change demonstrates Rathbones' commitment to maintaining excellence in wealth management.
In the financial sector, Rathbones, a notable wealth management firm, made a significant leadership change with the appointment of Jonathan Sorrell as its new chief executive. Jonathan, a seasoned banker and the son of renowned advertising figure Sir Martin Sorrell, will officially step into the role following the retirement of Paul Stockton. This change comes at a planned time, coinciding with Stockton’s 60th birthday and after six years of leading the company. Sorrell's extensive background includes his most recent position as president at Capstone Investment Advisors since January 2020, where he honed his skills in investment management. Additionally, he previously served as president of Man Group, a prominent active investment management business listed on the FTSE 250. The transition is set to officially unfold in July, allowing for an overlap period where Stockton will remain available to assist in the handover process. This strategic move reflects Rathbones' ongoing efforts to ensure robust leadership and continued growth in the wealth management industry.