Tilney, the UK wealth management group, has appointed Andrew Baddeley as Group Chief Financial Officer.
The appointment is subject to FCA approval.
Baddeley moves from Group CFO at TP ICAP plc, the London Stock Exchange listed inter-dealer broker. There he drove Tullett Prebon’s £1.4bn acquisition of the voice broking business of ICAP in December 2016, and led the planning and initial integration project.
Prior to TP ICAP, Baddeley was in the insurance sector for 18 years where he was latterly Group CFO of Brit Insurance and previously, at General Reinsurance Corporation, part of the Berkshire Hathaway group. He is a Fellow of the Institute of Chartered Accountants and spent over ten years with firms PwC and Ernst & Young.
Chris Woodhouse, Chief Executive of Tilney, said: “Andrew is a highly accomplished CFO with considerable financial services and capital markets experience. We are delighted that he is joining Tilney as we embark on the next phase of growth and development. The business is in great shape having completed a major integration and invested significantly in new technology. As we recently reported, last year we posted a doubling of EBITDA to £86.6 million and strong growth in gross new business. We are now really well positioned to augment continued organic growth with both new hires and potential acquisition opportunities.”
