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Tenet appoints CFO to scale business

Tenet appoints CFO to scale business

Tenet Group has appointed Martin Tyler as its chief financial officer to help scale the business. 

Tyler joins Tenet from Gelert Group of Companies where he had been CFO since 2019.

Before this he held senior finance roles for Howden Insurance Brokers, Agria Forsaking and Bluefin Insurance Group.

With more than 15 years’ experience within financial services, he has experience overseeing both M&A integration activity and business transformation.

At Tenet, Tyler will oversee all group financial activities, reporting directly to chief executive Mark Scanlon. 

His appointment precedes the forthcoming departure of Keely Craig, who is relocating abroad after nearly four years’ service.

Scanlon said: “Keely has played an outstanding role in positioning us well for future growth, and I’d like to thank her for all her service and wish her all the very best as she relocates to her husband’s home country of New Zealand with her family. 

“Investing in technology and delivering genuine support and financial peace of mind is at the heart of Tenet’s development strategy, and we’re delighted to have secured someone of Martin’s calibre and vast knowledge of scaling financial services businesses to take over from Keely. 

“It's an exciting time for our business and I look forward to working with Martin as we execute our ambitious growth plans.”

Tenet said Craig will be working closely with Tyler over a three-month period to ensure a smooth transition.

Tyler added: “This is an exciting period for Tenet Group. The Company is in a strong financial position and has an excellent reputation of providing market-leading support to its network, backing adviser independence and putting clients’ financial wellbeing first. I’m therefore thrilled to be joining them on the next stage of their growth journey.”

Meanwhile, earlier this month, Tenet's mortgage network saw a raft of firms leave since the end of 2019 as some advisers continue to complain about issues with its back-office systems.

Data from the FCA Register showed a total of 107 firms have ceased to be listed as appointed representatives of TenetLime, its mortgage network, between October 7, 2019 and July 30, 2021. 

However across TenetLime and TenetConnect, the network for investment advisers, Tenet has seen 149 ARs join over the past 10 months.

Around the same time, Tenet bought Leeds-based wealth management firm Astute Financial Advisers, adding more than £100m in assets under management.

sonia.rach@ft.com

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