Wealth manager Tilney Group has appointed former RAC boss Chris Woodhouse as CEO.
Woodhouse succeeds Peter Hall who is stepping down after seven years. He will become an adviser to Permira pursuing investment opportunities in global wealth management.
Until February 2017, Woodhouse was for five years CEO of UK motoring and financial services group RAC. He has previously held senior management roles in a number of UK brands including Deputy CEO and Finance Director of Debenhams Plc and Commercial Director and Deputy CEO of Homebase prior to its sale to GUS plc. He is a Fellow of the Institute of Chartered Accountants and an Associate of the Association of Corporate Treasurers.
Chairman of Tilney Will Samuel said: “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.”
Woodhouse added: “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.”
Tilney is responsible for over £23 billion of client assets. Last year it completed the acquisition and integration of both Towry and Ingenious Asset Management.