People Moves

Tilney Bestinvest Recruits City Luminary To Head Its Board

Arti Mehta, Reporter, 4 January 2017

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The UK investment and financial planning group has appointed a new chairman, subject to approval from the Financial Conduct Authority.

The board of Tilney Bestinvest has appointed Will Samuel, currently chairman of TSB Banking Group, as its chairman.

Samuel has been a chairman at Ecclesiastical Insurance Group and a non-executive director at Edinburgh Investment Trust. He has also held non-executive roles at non-financial services firms such as Howdens Joinery Group, cider company HP Bulmer Holdings and motor company Inchcape.

He has worked for over 35 years in the City, including as managing director of Schroders Investment Banking from 1986; following its sale to Citigroup, he was co-chief executive of Schroder Salomon Smith Barney. He joined asset management firm Lazard & Co as vice chairman in 2004, and was senior advisor to the firm in 2011. Prior to his appointment as chairman of TSB, Samuel was appointed senior advisor to the Prudential Regulation Authority in 2012.

As chairman of TSB Banking Group, Samuel took the company through an IPO after the de-merger from Lloyds Bank. At Tilney, he replaces outgoing chairman Mike Covell.

“Will is highly respected in the City and brings a wealth of experience that will prove invaluable as the business faces the future with confidence,” said Covell.

Tilney is headquartered in London. It employs more than 1,000 staff in 30 offices across the UK.

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