||The St. James's Place Group was established in 1991 by Sir Mark Weinberg, Mike Wilson CBE and Lord Rothschild under the name of the J. Rothschild Assurance Group and started trading in 1992.
||In April 1997, the J. Rothschild Assurance Group effectively achieved a reverse takeover of St. James’s Place Capital, thereby securing a public listing on the Stock Exchange after just five years of trading. Its market capitalisation placed it within the FTSE 250 Index.
||In June 2000, Halifax Group plc acquired 60% of the issued share capital of
St. James's Place. Halifax merged with Bank of Scotland in September 2001 to create HBoS plc.
||With effect from 9 May 2006, St. James’s Place Capital was renamed St. James’s Place plc.
||In January 2009, HBoS plc merged with Lloyds TSB to create ‘Lloyds Banking Group plc’.
Lloyds Banking Group plc now owns an approximate 21% shareholding in St. James’s Place. However, St. James’s Place operates independently of LBG and the relationship is conducted on an arm’s length basis. There is currently one LBG appointed non-executive director on the St. James’s Place Board.