The Board of Rathbones Group Plc has announced that Paul Stockton will retire on 30th September 2025 after 16 years with Rathbones, six years of which as Group Chief Executive. He will be succeeded by Jonathan Sorrell who will join the business as CEO designate, subject to regulatory approval, on 1st July 2025. In order to effect a smooth handover, Jonathan will be appointed to Rathbones Group Plc and Rathbones Investment Management Limited Boards upon receipt of regulatory approval, at which time Paul will retire from both Boards.
Paul will remain available for handover support thereafter until 31st December 2025. Paul was appointed Group Chief Executive in May 2019, having served as Managing Director of Rathbones Investment Management from May 2018 and prior to that Group Finance Director from 2008. Paul had indicated to the Board his desire to retire on his 60th birthday which will be in the second half of 2025.
Under his tenure, Paul has supported and executed numerous strategic initiatives to build Rathbones into the UK's leading wealth management firm; growing FUMA from £9 billion to £109 billion over this period. Paul led the successful combination with Investec Wealth & Investment (UK) in 2023 and, with the team, will deliver the benefits of this integration with almost all of Investec Wealth's 55,000 clients being migrated to the Group by the end of first half 2025. Jonathan joins Rathbones from Capstone Investment Advisors, the leading derivatives investment management firm, where he has been President from January 2020.
Prior to this Jonathan was Chief Financial Officer and then President of Man Group plc.
