St. James's Place asset boost drives 9 percent rise in operating profit

LONDON (Reuters) - British wealth manager St. James's Place on Wednesday posted a 9 percent increase in full-year operating profit, boosted by an increase in funds under management.

SJP, which provides a range of financial services to wealthy individuals, said operating profit on a European embedded value (EEV) basis was 1 billion pounds at the end of December, from 918.5 million pounds a year earlier.

(Reporting by Simon Jessop, editing by Sinead Cruise)