Tilney, the award winning wealth manager responsible for over £23 billion of client assets, is pleased to announce the appointment of Chris Woodhouse as Chief Executive Officer.
Tilney is a leading UK-wide investment and financial planning firm with a heritage of more than 180 years. Last year saw the successful acquisition and integration of both Towry and Ingenious Asset Management, following which the business has continued to deliver strong organic growth.
Chris succeeds Peter Hall, who is stepping down after dedicating seven years to Tilney, having made an invaluable contribution to the business and overseen a period of major growth and development. Peter will become an adviser to Permira pursuing investment opportunities in global wealth management.
Until February 2017 Chris was CEO of UK motoring and financial services group RAC plc, a position he held for five years. During that period, a combination of strengthening of the RAC brand, improved customer engagement particularly through the use of digital technology and a material expansion of RAC’s financial services offer resulted in a doubling of profit. Chris has previously held senior management roles in a number of well-known UK brands including Deputy CEO and Finance Director of Debenhams Plc and Commercial Director and Deputy CEO of Homebase prior to its successful sale to GUS plc. Chris is a Fellow of the Institute of Chartered Accountants and an Associate of the Association of Corporate Treasurers.
Will Samuel, Chairman of Tilney, commented:
“We are delighted to welcome Chris to Tilney where his career and experience working with some of the UK’s most recognisable brands will bring real value to Tilney’s already strong market position.
“I would like to thank Peter for his major contribution to the development of the firm. Peter has served as Chief Executive of Tilney since 2010, leading the organisation through a period of rapid growth. He has been responsible for the successful integration of the Tilney, Bestinvest, Ingenious and Towry businesses to create one of the leading wealth management firms with over £23bn of client assets and an excellent reputation."
Chris Woodhouse said:
“Tilney is a business that has built a leading position within a highly competitive market, and I am thrilled to be joining. Its success today is a result of bringing together some of Britain’s most respected brands in the wealth management space, with a very high calibre team of professionals and by offering a broad range of services that span financial planning, investment management and an online investment service. Recent changes in in the landscape for pensions mean there is a need for high quality financial advice, investment management and guidance which puts the customer first. I believe there is a real opportunity for Tilney to deliver even greater value to customers and I look forward to working with the team as we enter the next exciting phase”.
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