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Tilney appoints new CEO as Peter Hall steps down

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Tilney appoints new CEO as Peter Hall steps down

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.'

Following the successful integration of the Towry business, which it acquired for £600 million in 2016, the company rebranded to Tilney Group. Since then it has been on a hiring spree under Hall's leadership.

The latest appointment was the hire of two financial planners in its London office last month. 

The firm also bolstered its Birmingham office with the appointment of financial planner Jane Garrick.

These were preceded by multiple hires across the country including in Bristol, Scotland and Guildford. 

On top of its acquisitions of Towry and Ingenious AM last year, the company also bought Manchester-based Midas' £162 million wealth management arm, with Hall announcing that he was planning to buy six firms a year. 

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