Financial Planning and wealth management firm Tilney has appointed a new group chief financial officer.

The firm, which has £24.1 billion assets under management, has hired Andrew Baddeley in to the role, with the appointment subject to FCA approval. 

Prior to Tilney, Mr Baddeley served as group CFO of TP ICAP plc, the London Stock Exchange listed inter-dealer broker, where he drove Tullett Prebon’s £1.4bn acquisition of the voice broking business of ICAP in December 2016 and led the planning and initial integration project.

Mr Baddeley’s tenure at TP ICAP followed 18 years in the insurance sector, where he was latterly group CFO of Brit Insurance through its initial public offering and entry into the FTSE 250 Index and subsequent acquisition by Fairfax Financial.

Previously Mr Baddeley worked for General Reinsurance Corporation, part of the Berkshire Hathaway group.

He is a Fellow of the Institute of Chartered Accountants and spent more than 10 years with PwC and Ernst & Young.

Chris Woodhouse, chief executive of Tilney, said: “Andrew is a highly accomplished CFO with considerable financial services and capital markets experience.

“We are delighted that he is joining Tilney as we embark on the next phase of growth and development.

“The business is in great shape having completed a major integration and invested significantly in new technology.

“As we recently reported, last year we posted a doubling of EBITDA to £86.6 million and strong growth in gross new business.

“We are now really well positioned to augment continued organic growth with both new hires and potential acquisition opportunities.”