Monetary adviser community Tenet Group has promoted programme director Stephen Vickers to be its new CEO, changing Helen Ball who’s standing down after simply over a yr within the function.
Mr Vickers might be Tenet’s third CEO in 14 months after Ms Ball changed earlier CEO Mark Scanlon in March 2023.
Mr Scanlon and CFO Martin Tyler each stepped down simply over a yr in the past.
Tenet mentioned that following a strategic evaluate and up to date sale of a part of the enterprise, Ms Ball, who has been with Tenet for 13 years, agreed with the board that it was the correct time to face down.
Tenet lately offered Tenet’s Wealth & Funding Community to the Openwork Partnership and TenetLime, its mortgage and safety advisory community, to LSL Property Providers.
Mr Vickers joined Tenet in February 2023 and has held senior roles at Sainsbury’s Financial institution, Nationwide Australia Financial institution and HSBC in addition to roles targeted on enterprise transformation and remediation at The Co-operative Financial institution, Capgemini, Somerfield and Dwelling Retail Group.
Tenet says he’ll deal with “operational priorities” following the closure of Tenet’s networks. He has been working carefully with Ms Ball over the previous 12 months and she is going to stick with Tenet till June to help within the transition to new management.
Phillip Hilling, chairman of Tenet, mentioned: “We’re happy to announce Stephen’s appointment as CEO and imagine his expertise and expertise mixed along with his sturdy understanding of Tenet, makes him the correct particular person to steer the enterprise by way of its subsequent strategic section.
“Helen has completed a implausible job in reaching optimistic outcomes for all our stakeholders following the completion of Tenet’s strategic evaluate, and underneath Helen’s management, now we have secured well-established, profitable companies with matching cultures for our prospects and their advisers.”
Ms Ball mentioned: “It has been a privilege to work alongside my colleagues at Tenet for the previous 13 years and, most lately, steer the group by way of its strategic evaluate and the transactions that we imagine present our advisers, prospects and workers with optimistic futures. The time is true for another person to take over the reins at Tenet and I’m happy handy over to Stephen, who I do know will lead the enterprise with ardour and willpower. I’m very pleased with all the things now we have achieved and after a brief break I’m wanting ahead to a brand new problem.”
Mr Vickers mentioned: “Helen and I’ve labored carefully collectively over the past yr and now now we have reached a key strategic milestone within the Tenet story because of Helen’s management, I’m delighted to be handed the baton and take the group into its subsequent section. With the help of our extremely skilled senior administration crew, I do know we’re effectively positioned to proceed offering sturdy and priceless providers to our shoppers.”
