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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 position.
Mr Vickers can 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 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 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 House 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’s going to stick with Tenet till June to help within the transition to new management.
Phillip Hilling, chairman of Tenet, stated: “We’re happy to announce Stephen’s appointment as CEO and imagine his abilities and expertise mixed together with his robust understanding of Tenet, makes him the correct individual to guide the enterprise by means of its subsequent strategic part.
“Helen has executed a incredible job in reaching constructive outcomes for all our stakeholders following the completion of Tenet’s strategic evaluate, and beneath Helen’s management, now we have secured well-established, profitable companies with matching cultures for our clients 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 evaluate and the transactions that we imagine present our advisers, clients and workers with constructive 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 happy with every little thing now we have achieved and after a brief break I’m wanting ahead to a brand new problem.”
Mr Vickers stated: “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 due to Helen’s management, I’m delighted to be handed the baton and take the group into its subsequent part. With the help of our extremely skilled senior administration workforce, I do know we’re nicely positioned to proceed offering robust and priceless companies to our shoppers.”
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