British asset manager Schroders has hired Peter Hall from Tilney to serve as the new head of its wealth management arm.
Hall will replace Andrew Ross, who will now serve as the vice-chairman for wealth management at Schroders.
Ross previously served as the CEO of Cazenove, and joined Schroders following its acquisition of Cazenove in 2013.
In the new role, Ross will advise the asset manager on the wealth sector, mainly on the services it offers to top-end families.
Hall will assume the new responsibility on 2 January 2019, subject to regulatory approval.
He led Tilney as CEO for seven years and quit the firm in October 2017. Since then, he has been advising the company’s parent Permira. Hall previously also had stints at UBS and Barclays.
Schroders group CEO Peter Harrison said: “Continuing to grow our wealth management business is a strategic priority. Peter Hall’s industry experience, proven management track record and leadership skills mean he is the right person for this job.
“He understands and believes in the service, philosophy and culture that is so important to us and our clients.”