Stanhope Capital Group, the London-based wealth manager and advisory firm, has named Goldman Sachs’ Chris Shelley as its chief financial officer.
Shelley has spent the past 14 years at Goldman Sachs, most recently as CFO of the US bank’s private wealth management business across Europe, the Middle East and Africa. He replaces current Stanhope CFO John Baron, who is retiring.
Daniel Pinto, founder and CEO of Stanhope Capital, said Shelley will “play a vital strategic role across the group’s activities, and brings a wealth of experience to this position from his time at Goldman Sachs”.
He added: “Chris joins us at an important time, as we seek to continue to expand in our existing markets – and potentially in new markets – supported by the very best professionals in the industry.”
Shelley’s appointment comes after a flurry of recent senior hires for Stanhope Capital, including Pierre Mallevays, who joined in February as co-head of merchant banking.
In addition Fleur Pellerin, Keyu Jin, Bonnie Steiner and Thomas Lee joined as non-executive directors to the group’s board in January.
Stanhope Capital, whose advisory council includes former BP chief executive Lord John Browne and ex-WPP boss Sir Martin Sorrell, last year announced a landmark merger with US-based FWM Holdings to create one of the world’s largest independent wealth managers with more than $28bn in assets.
Among other rich families, FWM oversees the wealth of members of the Forbes family, which owns the eponymous media company.
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