Tilney Bestinvest 

Tilney appoints chief risk officer to replace Allman

Tilney appoints chief risk officer to replace Allman

Wealth management firm Tilney has appointed a new chief risk officer, following the departure of its former head of compliance Nigel Allman after 15 months in the role.

Mr Allman joined Tilney in the role of chief risk officer in July 2017 but a spokesperson confirmed he has now left the firm and resigned as a director of various companies within the group.

According to the Companies House website, Mr Allman resigned as a director at the company in October 2018.

Tilney has now appointed Katherine Domanski, former interim head of regulation, policy and governance at the firm, to the role of chief risk officer.

The advice firm witnessed a recruitment drive last year, hiring a number of financial planners to its London, Chelmsford and Manchester offices following a"record year" of revenues in 2017

Last August it hired Andy Grant, a former chief operating officer of Royal London, as head of financial planning.

Mr Grant was tasked with growing Tilney's financial planning business, which at the time was made up of 208 financial planners in 30 offices around the UK.

Profits at the firm soared in 2017 after a number of acquisitions, including that of Towry and Ingenious Asset Management.

Tilney's assets increased to £24.1bn at the end of 2017, from £22.4bn the previous year, as revenues grew by 68 per cent to £226.5m and earnings before interest, tax, depreciation and amortisation doubled to £86.6m in 2017.

rachel.addison@ft.com