Wealth management firm Tilney Bestinvest has appointed Will Samuel as chairman to help lead its growth drive.
Mr Samuel is currently also chairman of TSB Banking group, which he took through its initial public offering after the demerger from Lloyds Bank.
He has a wealth of experience in the financial sector.
After qualifying as a Chartered accountant, Mr. Samuel joined Schroders in 1977, initially in the investment management division.
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 Lazard & Co 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.
In addition to the chairmanship of TSB, Mr. Samuel’s extensive non-executive experience has also included the chairmanships of Howdens Joinery Group PLC, Ecclesiastical Insurance Group and HP Bulmer Holdings PLC, deputy chairman of Inchcape PLC and as a non-executive director of Edinburgh Investment Trust PLC.
Mr Samuel said it was an "exciting time" to be joining the firm.
“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.”
Peter Hall, chief executive of Tilney Bestinvest, thanked Mike Covell, outgoing chairman, for his six years in the role.
“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.”
laura.miller@ft.com
