Who's Moving Where In Wealth Management? - Finastra, Hawksmoor, Others

Editorial Staff

5 June 2020

Finastra
has appointed Audrey Baxter and Tom Burnet as directors on its board, taking effect from yesterday.

Baxter has a long career in business and public life. He is chairman and chief executive of W A Baxter & Sons (Holdings) and has served previously on the boards of a number of public and private companies, charities and voluntary organisations.

Burnet has had a number of senior roles in industry. He is chair of ITG, a provider of outsourced marketing technology and services to many of the UK’s and Europe’s leading retailers and household names. He is also chair of Kainos Group, the FTSE 250, Belfast-based, software company and the Baillie Gifford US Growth Trust.

Tilney
, the firm that is merging with fellow UK wealth management house Smith & Williamson, has appointed Mark Stone who is joining the team in the Bristol area as a financial planner.

Stone is an experienced financial planner who has spent over two decades in the advice profession. He joins Tilney from Whitechurch Securities where he spent 19 years, most recently as financial planning director. Prior to this he was an independent financial advisor at PensionsAdvice.

As reported earlier this week, US equity house Warburg Pincus has jumped into the merger of UK-based wealth management firms Tilney and Smith & Williamson, investing into the new entity and significantly cutting its debt burden. Under the agreement, the combined organisation will be known as Tilney Smith & Williamson. Funds advised by Warburg Pincus will co-invest in the combined business alongside funds advised by Permira.