Tilney Smith & Williamson names new Chief Operations Officer25 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.”
Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years. Our clients are private investors, charities and professional intermediaries who trust us with over £24 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments. We have won numerous awards including Wealth Manager of the Year, Best Discretionary/Advisory Wealth Manager, Best Low-cost SIPP Provider and Best Investment Platform 2018 as voted by readers of the Financial Times and Investors Chronicle; Best Advisory Service in the 2015 City of London Wealth Management Awards; and Investment Award – Cautious category in the Private Asset Management Awards.
Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.