Tilney Smith & Williamson, the newly merged £47bn wealth manager, has named Mayank Prakash as its chief technology officer.
Prakash will also join the group executive committee.
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Background
He most recently was the chief consumer digital & information officer at FTSE 100 utilities group Centrica.
In this role, he was responsible for spearheading its digital integration across 14 brands.
He also worked as the chief digital & information officer at the UK Department of Work & Pensions (DWP).
He also had stints Morgan Stanley Wealth and Asset Management and Sage Group.
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By GlobalDataTilney Smith & Williamson group CEO Chris Woodhouse said: “Mayank will bring a huge amount of experience to the senior team and we are delighted to welcome such a high-calibre technology and operations leader to the business.
“Both Tilney and Smith & Williamson have invested heavily in new systems in recent years, enabling us to improve client experience and operational resilience.
“Mayank will have a key role to play ensuring a successful integration of the two businesses and driving new digital development and innovation to continually improve the services we provide to clients.”
Tilney Smith & Williamson
Tilney Smith & Williamson was formed through the recent combination of British wealth manager Tilney and its rival Smith & Williamson.
The merged business is the third-largest wealth manager in the UK.
It is also the UK’s fourth-largest wealth manager by AuM.
This June, the two companies agreed on a revised deal structure for their merger.
Moreover, private equity firm Warburg Pincus agreed to co-invest in the merged group along with funds from Permira.
Tilney Smith & Williamson recently named John Bunch as its chief commercial director, financial services.
Previously, Bunch was the COO and executive vice president of Edelman Financial Engines.
