Tilney Smith & Williamson names new Chief Operations Officer

25 March 2021

Leading wealth management and professional services group Tilney Smith & Williamson is pleased to announce the appointment of Mayank Prakash as its new Chief Operations Officer effective from 1st April. He takes on the COO role from Donald Reid who is retiring at the end of May after nearly 11 years with the business. Donald will take-on a part-time advisory role following his retirement.

Mayank joined the Group as Chief Technology Officer in September 2020 following completion of the merger of Tilney and Smith & Williamson and has been working with Donald on the handover since. He joined Tilney Smith & Williamson from FTSE 100 utilities group Centrica where he served as Chief Consumer Digital & Information Officer. Prior to this, Mayank was Chief Digital & Information Officer at the UK Department of Work & Pensions (DWP), where he was responsible for the UK’s biggest IT and Operations estate. This month he was also elected Deputy President of the BCS – The Chartered Institute for IT.

Chris Woodhouse, Chief Executive of Tilney Smith & Williamson, commented: “Donald has made a huge contribution to the business over the last eleven years, which has been a period of significant growth and change. We wish Donald well for his retirement and are delighted that we will continue to have access to his counsel in his new advisory role.

“Mayank has an impressive track record leading teams and implementing large-scale transformation programmes across the private and public sector. He has already made a significant impact since joining us last September. As the new Chief Operations Officer, Mayank will continue to drive our digital investment and innovation agenda forward alongside leading our operations teams to deliver excellent client experience and support the scalability of our fast-growing business.”   

About Tilney Smith & Williamson

Tilney Smith & Williamson is the UK’s leading integrated wealth management and professional services group, created by the merger of Tilney and Smith & Williamson on 1 September 2020. With £54.8 billion of assets under management (as at 30 June 2021), it ranks as the third largest UK wealth manager measured by revenues and the eighth largest professional services firm ranked by fee income. The Group currently operates through three principal brands: Tilney, Smith & Williamson and online investment service Bestinvest. It has a network of 28 offices across the UK, as well as the Republic of Ireland and the Channel Islands. Through its operating companies, the Group offers an extensive range of financial and professional services to individuals, family trusts, professional intermediaries, charities and businesses. It is uniquely well-placed to support clients with both their personal financial affairs and their business interests. Tilney Smith & Williamson’s personal wealth management services include financial planning, investment management and advice, online execution-only investing and personal tax advice. For businesses, its wide range of services includes assurance and accounting, business tax advice, employee benefits, forensic advice, fund administration, recovery and restructuring and transaction services.