Rathbones has promoted Paul Stockton to chief executive officer as Philip Howell is set to retire next year.
The company said that Howell (pictured) will step down from the role at the company’s annual general meeting in May next year after four years holding the post.
The board has appointed group finance director Paul Stockton to succeed Howell, a move still pending of regulatory approval.
Howell joined Rathbones in 2013 as deputy CEO after having held several CEO roles in private banking, including at Williams de Broë, Fortis Private Banking and Barclays Bank.
Stockton, who has been with Rathbones for nearly a decade, was named managing director of Rathbone Investment Management last May.
He started his career at PwC before occupying senior finance roles at Old Mutual, Euroclear, Pearl and Resolution.