Will Samuel, the current Chairman of TSB Banking Group, has been appointed Chairman of Tilney Bestinvest.
Samuel, who steered TSB through its IPO after its de-merger from Lloyds Bank plc, has worked in the City for over 35 years and has held a number of non-executive positions, included the Chairmanships of Howdens Joinery Group plc, Ecclesiastical Insurance Group and HP Bulmer Holdings plc, Deputy Chairman of Inchcape plc and as an NED of Edinburgh Investment Trust plc.
He qualified as a Chartered Accountant and joined Schroders in 1977. In 1986 he was appointed Managing Director of Schroders Investment Banking business and following its sale to Citigroup, he was Co-Chief Executive of Schroder Salomon Smith Barney. In 2004 he joined Lazards as Vice Chairman and from 2011 served as Senior Adviser. In 2012 he was appointed as Senior Adviser to the Prudential Regulation Authority, a position he held prior his appointment as Chairman of TSB.
Samuel said: “I am delighted to have been appointed Chairman of Tilney Bestinvest at an exciting time in its development. Following the integration of the Towry group last year, it is now a very significant business in the UK wealth management industry and is well positioned for future growth.”
Outgoing Chairman Mike Covell said: “Will is highly respected in the City and brings a wealth of experience that will prove invaluable as the business faces the future with confidence. It has been an incredible experience serving as Chairman these last six years and I wish Will, the management team and all the staff every success.”
Chief Executive Peter Hall said: “I would like to say a big thank you to Mike for his service as Chairman over the past six years. This has been a period of major growth and development for the group, seeing the creation of a leading investment and financial planning business offering the highest levels of personal and professional service. We are very fortunate to have Will as our incoming Chairman, who will bring huge experience and expertise to our business.”
The appointment is subject to FCA approval.