• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • M&As

Tilney and Smith & Williamson complete merger and confirm board

Tilney and Smith & Williamson complete merger and confirm board
  • Christopher Copper-Ind
  • @intlinvestment
  • 01 September 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Tilney, a London-based wealth manager, this morning announced the completion of its merger with Smith & Williamson.

The Group has now been renamed Tilney Smith & Williamson with effect from today. The company said there will be no immediate changes to its existing client-facing brands: Tilney, Smith & Williamson and Bestinvest.

Related articles

  • Tilney announces 'transformative' merger with £45bn of AuM
  • Tilney Smith & Williamson appoints John Bunch as chief commercial director
  • PE firm Warburg Pincus steps in to secure £44bn Tilney Smith & Williamson merger
  • £44bn Tilney Smith & Williamson merger to complete on 1 September

The merger has created the UK's leading integrated wealth management and professional services group with over £47bn of AuM and circa £530m of pro forma revenue. Tilney Smith & Williamson is the third-largest UK wealth manager when ranked by revenues and fourth when measured by AUM. It is also the sixth-largest UK professional services group by fee income.

This is not only a transformational moment for both of the previous businesses, it is also a significant development within the UK financial services sector."

The merged business has considerable depth of expertise with circa 290 investment managers, 265 financial planners and more than 140 professional services partners and directors located across an extensive office network across the UK, as well as in the Republic of Ireland and the Channel Islands

The newly-constituted Board of Tilney Smith & Williamson comprises eleven Directors drawn from both the two previous boards and representatives of the group's major shareholders. The members of the Board, subject to FCA approval, are Will Samuel (Chairman), Chris Woodhouse (Group Chief Executive), Andrew Baddeley (Group Chief Financial Officer), Elizabeth Chambers, David Cobb, Peter Deming, Keith Jones, Philip Muelder, Chris Pell, Carla Stent and Kevin Stopps.

Will Samuel, chairman of Tilney Smith & Williamson, said: "We are delighted to have successfully completed this major transaction against what is unquestionably a highly challenging economic backdrop.

"This is not only a transformational moment for both of the previous businesses, it is also a significant development within the UK financial services sector, creating a scaled-up group with an unrivalled service proposition that can support clients with the management of both their personal wealth and business interests."

Chris Woodhouse, group chief executive of Tilney Smith & Williamson, added: "Today, we have brought together two very successful and long-established businesses that are highly complementary to one another."

"Together they bring an incredible pool of talented professionals with a strong ethos of delivering exceptional service to their clients. This is a great foundation for the future. Since we first announced the intention to merge a year ago, a huge amount of work has taken place to identify our respective strengths and plan the integration on a ‘best of both' approach. Over the coming months, we look forward to integrating the businesses and creating a group that will be uniquely well-placed to meet the needs of clients."

Subscribe to International Investment's free, twice-daily, newsletter

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • M&As
  • Smith & Williamson
  • Tilney
  • Tilney Smith & Williamson
  • UK
  • Republic of Ireland
  • Board of Tilney Smith & Williamson
  • FCA
  • Chris Woodhouse

More on M&As

Columbia Threadneedle acquires BMO EMEA asset management business

  • M&As
  • 12 April 2021
Van Lanschot Kempen to buy Mercier Vanderlinden

  • M&As
  • 08 April 2021
Zurich seals $3.94bn deal to buy MetLife's US property and casualty arm

  • M&As
  • 08 April 2021
Amundi set to acquire Lyxor in €825m deal

  • M&As
  • 07 April 2021
Swiss regulator drops M&A ban on Julius Baer

  • Banking
  • 06 April 2021
Back to Top

Most read

Will Cardano's coming of age hit Bitcoin and Ethereum?
Will Cardano's coming of age hit Bitcoin and Ethereum?
First digital only bank in UAE set to go live
First digital only bank in UAE set to go live
UK government must 'U-turn' on pension age change
UK government must 'U-turn' on pension age change
Standard Chartered names Singapore heavy hitter for global role
Standard Chartered names Singapore heavy hitter for global role
UK life office CEO dies
UK life office CEO dies
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading