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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 will probably 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 stated 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 suitable time to face down.
Tenet just 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 Residence Retail Group.
Tenet says he’ll give attention to “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 assist within the transition to new management.
Phillip Hilling, chairman of Tenet, stated: “We’re happy to announce Stephen’s appointment as CEO and consider his expertise and expertise mixed together with his sturdy understanding of Tenet, makes him the suitable particular person to steer the enterprise by means of its subsequent strategic section.
“Helen has executed a unbelievable job in reaching optimistic outcomes for all our stakeholders following the completion of Tenet’s strategic evaluation, and beneath Helen’s management, we’ve got secured well-established, profitable companies with matching cultures for our prospects and their advisers.”
Ms Ball stated: “It has been a privilege to work alongside my colleagues at Tenet for the previous 13 years and, most just lately, steer the group by means of its strategic evaluation and the transactions that we consider 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 dedication. I’m very pleased with all the pieces we’ve got achieved and after a brief break I’m trying ahead to a brand new problem.”
Mr Vickers stated: “Helen and I’ve labored carefully collectively during the last yr and now we’ve got 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 assist of our extremely skilled senior administration staff, I do know we’re nicely positioned to proceed offering sturdy and useful companies to our purchasers.”
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