Tilney Group appoints Chris Woodhouse as CEO03 October 2017
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”.
Tilney is a leading investment and financial planning firm that builds on a heritage of more than 150 years. The Tilney Group operates under the Tilney brand for Investment Management and Financial Planning and Bestinvest for execution-only investing. We look after more than £22 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.
We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.
We have won numerous awards including Best Fund Platform and Best SIPP Provider at the 2017 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.
Headquartered in Mayfair, London, Tilney Group employs over 1,000 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.