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Tilney appoints financial planning head

Tilney has hired former Royal London chief operating officer Andy Grant as its head of financial planning division as it eyes possible acquisitions.

Tilney appoints financial planning head

Tilney has hired former Royal London chief operating officer Andy Grant as its head of financial planning division as it eyes fresh acquisitions. 

Grant's experience includes stints at UBS, consultancy firm Accenture and insurance company Amlin. However this is the first time he was worked at a financial planning business. 

As head of financial planning Grant will be in charge of 208 financial planners across 30 Tilney offices

During his time at Royal London Grant oversaw the creation of a direct to consumer proposition and helped integrate various businesses across the group under the Royal London brand. He also integrated insurance and asset management businesses acquired from the Co-Op. 

Before joining Royal London, Grant was chief operating officer at Amlin, where he was in charge of integrating Fortis Coporate Insurance. He was also a managing director at UBS Wealth Management, including responsibility for growth and change in the UK. 

Tilney chief executive Chris Woodhouse hinted that Grant's experience would help the company make further advice acquisitions. 

'Tilney is in great shape having invested heavily in both new technology and building our brand while also recently reporting a record year for revenues, gross new business and profitability,' he said.

'Andy will lead what is already a sizeable, UK-wide team of exceptionally high calibre financial planners and he will play a pivotal role in helping us build our financial planning business further, including through new hires and potential acquisitions.'

Any acquisitions would follow 2016's £600 million mega deal to buy rival national advice giant Towry. That purchase significantly increased Tilney's size, doubling its assets to £22 billion, but the company has not announced any acquisitions since then.

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