Samuel is currently chairman of TSB Banking Group, which he took through IPO after the de-merger from Lloyds Bank plc.
Subject to FCA approval, he will bring over 35 years’ experience in the City to the role and has held a number of non-executive positions during this time. These include the chairmanships of Howdens Joinery Group plc, Ecclesiastical Insurance Group and HP Bulmer Holdings plc, a deputy chairmanship of Inchcape plc and a directorship of Edinburgh Investment Trust.
After qualifying as a chartered accountant, Samuel joined Schroders in 1977 initially in the investment management division, eventually becoming managing director of Schroders investment banking business in 1986. Following its sale to Citigroup he was co-chief executive of Schroder Salomon Smith Barney. In 2004 he joined Lazard & Co as vice chairman and from 2011 served as senior adviser. In 2012 he was appointed as senior adviser to the Prudential Regulation Authority.
Samuel said: “I am delighted to have been appointed chairman of Tilney Bestinvest at an exciting time in its development. Following the integration of the Towry group last year, it is now a very significant business in the UK wealth management industry and is well positioned for future growth.”
Chief executive Peter Hall added: “I would like to say a big thank you to Mike for his service as chairman over the past six years. This has been a period of major growth and development for the group, seeing the creation of a leading investment and financial planning business offering the highest levels of personal and professional service. We are very fortunate to have Will as our incoming chairman, who will bring huge experience and expertise to our business.”
