Tilney has hired a managing partner from Standard Life Aberdeen and moved to a new office in Edinburgh as it rebuilds its Scotland team after a raid over the past year by Charles Stanley.
Ronnie Binnie (pictured) has joined the wealth manager as managing partner for Edinburgh and Aberdeen with overall responsibility for the east of Scotland business.
He joins after 27 years at Standard Life Aberdeen where he was most recently head of business development at Aberdeen Standard Capital, the group’s discretionary management division.
Binnie will report to Tilney head of Scotland and Northern Ireland Paul Frame.
Frame said Binnie has a “long and impressive record as a leader in our industry and he will be a huge asset to the team”.
Edinburgh office 20% larger
Tilney has also moved its Edinburgh office to different premises. The branch’s 43 staff are now located in Edinburgh’s Exchange District at Atria 2 Street in office space the firm said is 20% larger than the previous office.
Tilney has offices in Scotland’s three largest cities: Edinburgh, Glasgow and Aberdeen.
Frame added: “Having already established an excellent client base in the east of Scotland, the opening of Tilney’s new and bigger Edinburgh office is a yet another milestone to achieving our ambition of becoming the most trusted wealth manager in Scotland.”
Rebuilding after Charles Stanley raid
Tilney has lost a number of staff members in Scotland to rival wealth manager Charles Stanley in the past year.
In December last year, Charles Stanley announced it had opened an Aberdeen office and poached paraplanner Linda Edward from Tilney to join Scott Morrison, director of financial planning, who also defected to Charles Stanley in September last year.
This came after Charles Stanley appointed Tilney’s John Redpath, Julie Crombie and Barry McGowan in April last year as chartered financial planners in its Edinburgh office. All three were previously at Towry, which became part of Tilney following its acquisition in 2016.
