Schroders nabs ex-Tilney boss to head wealth management

Schroders has nabbed ex-Tilney boss Peter Hall to head up its wealth management business as Andrew Ross steps aside to focus on building out the asset manager’s family office offering.

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Hall was chief executive of Tilney for seven years until September 2017, overseeing the integration of the Tilney, Bestinvest, Ingenious and Towry businesses. It oversaw more than £23bn of client assets when he departed and was replaced by Chris Woodhouse.

He said he is looking forward to growing the wealth management business both in the UK and internationally.

He becomes global head of wealth management in January 2019.

Before Tilney, Hall held roles at UBS and Barclays. Since his exit from Tilney, he has been advising the company’s private equity parent, Permira, on opportunities in the wealth management sector.

Family office push

Under the changes, Ross will become vice chair of wealth management, where he will advise Schroders on the sector.

He will also focus on services for top-end families, which Schroders says is an area they are looking to build on, particularly in the UK.

Schroders group chief executive Peter Harrison said Ross has created a platform for future growth by combining the best of Cazenove Capital and Schroders Wealth Management.

“Continuing to grow our wealth management business is a strategic priority,” Harrison said.

Schroders’ existing family office services cover bespoke investment strategies and extensive benchmarking, plus currency expertise to navigate families living in multiple jurisdictions worldwide.

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