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 shall 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 evaluation 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 appropriate 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 Companies.
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 centered on enterprise transformation and remediation at The Co-operative Financial institution, Capgemini, Somerfield and Dwelling Retail Group.
Tenet says he’ll concentrate on “operational priorities” following the closure of Tenet’s networks. He has been working intently with Ms Ball over the previous 12 months and she’s going to stick with Tenet till June to assist 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 together with his robust understanding of Tenet, makes him the appropriate particular person to steer the enterprise by its subsequent strategic part.
“Helen has accomplished a implausible job in attaining optimistic outcomes for all our stakeholders following the completion of Tenet’s strategic evaluation, and beneath 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 its strategic evaluation and the transactions that we imagine present our advisers, prospects and staff with optimistic futures. The time is true for another person to take over the reins at Tenet and I’m happy at hand over to Stephen, who I do know will lead the enterprise with ardour and dedication. I’m very happy with every little thing now we have achieved and after a brief break I’m trying ahead to a brand new problem.”
Mr Vickers mentioned: “Helen and I’ve labored intently 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 part. With the assist of our extremely skilled senior administration crew, I do know we’re properly positioned to proceed offering robust and priceless companies to our shoppers.”
