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Wednesday, 14 November, 2018

Racing's bank appoints first non-Weatherby as chairman in its 245-year history

David Bellamy: has headed up wealth management giant St James's Place
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Weatherbys Bank has appointed its first non-member of the Weatherby family as chairman, with David Bellamy, a former FTSE100 chief executive, taking up the role.

Bellamy, 64, who was in charge of wealth management firm St James's Place – sponsor of the Foxhunter at the Cheltenham Festival – for more than ten years, said: “I'm delighted to be joining Weatherbys and consider it a privilege to have been asked to take up the role of chairman.

“The company has an excellent reputation amongst its clients due to the absolute focus it has on the delivery of a bespoke, personal and relationship-based service.

"Its heritage, track record and exceptional client focus provides the perfect platform for its future aspirations and I very much look forward to working with Roger, Johnny and the entire team at Weatherbys through the next phase of the bank’s growth.”

Since 1770, the Weatherbys name has been synonymous with racing, and Weatherbys Bank was founded in 1994.

Johnny Weatherby has been chairman of the bank since its creation and will remain on the board as a non-executive director, while his brother Roger is chief executive.

Roger Weatherby said: “I'm delighted to welcome David as our new chairman. His experience in the financial services sector, his leadership skills, and his passion for innovation, growth, and trusted advice will make him an invaluable addition to Weatherbys Bank.

"David is deeply respected and his appointment will bolster our position as a leading private bank. His track record at St James’s Place speaks volumes for his ability, where, over the course of 11 years as chief executive, funds under management more than quadrupled to over £85 billion.

He added: “I'd like to thank my brother Johnny for his great vision and guidance as chairman of Weatherbys Bank since incorporation in 1994. Both David and I are delighted Johnny will continue as a non-executive director, where his expertise and experience will be much valued by all members of the board."

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I am delighted to be joining Weatherbys and consider it a privilege to have been asked to take up the role of chairman
E.W. Terms
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