John Dick, the former managing director of Barclays Bank subsidiary Sedgwick, is to run a new adviser support company for IFA group Tenet and help integrate its new acquisitions.
Dick will become group director of business development at subsidiary Tenet Business Solutions. His appointment is part of an expansion and recruitment drive by the group, which owns the M&E and Interdependence networks, mortgage network IMA and IFA Professional.
Joining him to launch TBS will be Vicky Pitt and Simon Davies of Berkeley Network.
The expansion programme includes the purchase of 100-RI firm Capital Planning and a 20 per cent stake in IFA Ayrshire Financial Planning in January. Tenet is looking to increase the number of its RIs to 4,500 in the next two years and is hoping to attract advisers from a number of rival networks.
Dick says: “This is a great opportunity for me to work within a group that shares my enthusiasm for helping to develop people and their businesses. I strongly believe IFAs have a unique role to play in the future of financial services.”
Tenet chief executive Simon Hudson says: “We are fortunate to have John on board. His experience and proven track record will strengthen our management team. If they prosper, then the group prospers. That is John's challenge.”
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