Tenet has announced Gill Davidson will be leaving the business in mid-December and Mike O’Brien will be taking over as group regulatory director.
Today (14 November) Tenet confirmed changes to the board at Tenet Limited and Tenet Group Limited levels plus the changing of the guard in terms of who is responsible for ensuring the Leeds-based firm’s advisers are complaint.
Three long-serving members of the team are joining the Tenet Limited board: head of business systems, Martin Gartside becomes IT director; head of relationship management Steve Jones now adviser relationship director; and head of compliance Mark Thomas has been named as compliance delivery director.
According to Martin Greenwood, chief executive of Tenet Group, these appointments from within reflect the depth of knowledge and experience Tenet has within its executive team.
Mr Greenwood said these board changes will “enable the group to further enhance its strong position within the industry.”
Mifid II, the Financial Advice Market Review, Brexit and the consolidation of guidance services are but a few of the major issues the sector will have to tackle.Mike O'BrienMeanwhile, at group board level, Ms Davidson will be leaving Tenet next month with Mr O’Brien taking over as group regulatory director.
Ms Davidson joined Tenet Group as group regulatory director in April 2013, from her previous role as secretary and general counsel at Coventry Building Society.
In her role, Ms Davidson was accountable for compliance delivery, regulatory policy, technical services and research, adviser training, conduct risk and legal functions.
She started her legal career with national law firm Pinsent Mason and qualified as a solicitor in 1989.
Mr O’Brien, who originally joined Tenet in December 2009 as Retail Distribution Review programme director, will see his current responsibilities as group brands director reassigned to other Tenet Group Limited board members.
Mr O’Brien is a fellow of the Chartered Insurance Institute and prior to joining Tenet was chief operating officer of Old Mutual's US life operations.
Commenting on his latest role, Mr O’Brien said: “Mifid II, the Financial Advice Market Review, Brexit and the consolidation of guidance services are but a few of the major issues the sector will have to tackle and I am looking forward to the challenges ahead.”
Mr Greenwood said: “Mike brings a wealth of experience to the group regulatory director role which, together with the other board changes, means that Tenet Group is in great shape to take full advantage of all the opportunities that will naturally follow in the wake of so much regulatory and political change and uncertainty.
“These appointments will help take the business to the next level, where we shall continue to focus on providing quality financial advice that results in positive customer outcomes.
“I would like to thank Gill for her very positive contribution to Tenet over the past three and a half years and wish her every success for the future.”
