Tilney has appointed a new chief executive after announcing that Peter Hall will step down.
Chris Woodhouse will be replacing Hall as chief executive of the national wealth manager. Woodhouse previously served as chief executive of RAC.
He stepped down from motoring group RAC in December 2016 following a shake-up of the firm's ownership. He ran the company from 2012, where he oversaw profits grow from £80 million in 2011 to £183 million in 2015.
Prior to RAC he worked at Debenhams and Homebase as deputy CEO.
After stepping down, Hall (pictured) will work as an adviser to Tilney's private equity parent Permira. Hall had been with the company for seven years.
Chairman Will Samuel said of Hall: 'He has been responsible for the successful integration of the Tilney, Bestinvest, Ingenious and Towry businesses to create one of the leading wealth management firms with over £23 billion of client assets and an excellent reputation.'
On Woodhouse's appointment, he added: 'We are delighted to welcome Chris to Tilney where his career and experience working with some of the UK’s most recognisable brands will bring real value to Tilney’s already strong market position.'
Woodhouse added: 'Recent changes in in the landscape for pensions mean there is a need for high quality financial advice, investment management and guidance which puts the customer first. I believe there is a real opportunity for Tilney to deliver even greater value to customers and I look forward to working with the team as we enter the next exciting phase.'
Tilney has been on a hiring spree over the past year under Hall's leadership, following the successful integration of the Towry business. Last month the company recruited two financial planners in its London office.
It also bolstered its Birmingham office with the appointment of financial planner Jane Garrick.