Intrinsic poaches chief risk officer from Tenet

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Old Mutual Wealth-owned Intrinsic has hired Tenet regulatory director Gill Davidson as chief risk officer.

Davidson replaces Intrinsic founding board member Wallace Dobbin, who is retiring from full-time employment. He will remain with the business to manage the transition.

Davidson spent three years at Tenet, and previously held senior roles at Coventry and Skipton building societies.

Tenet announced this morning that brands director Mike O’Brien will move into the regulatory director role.

Davidson will oversee Intrinsic’s risk and compliance strategy, helping advisers to effectively manage risk.

She will report into Intrinsic chief executive Andy Thompson and Old Mutual Wealth chief risk officer Iain Wright.

Thompson says: “Wallace has been a vital part of Intrinsic’s success and on behalf of all my colleagues I’d like to thank him for the valuable contribution he has made to our business journey.

“It was really important for the network to find a candidate with the right experience and expertise to ensure Intrinsic and its advisers can continue to grow and succeed within a controlled environment. Gill brings a wealth of experience to the Intrinsic board and she will be invaluable in ensuring we have a robust risk and control framework in place to provide a secure foundation for our ongoing growth plans.”

Davidson adds: “The advice industry continues to undergo significant transformation and there is a big opportunity for Intrinsic to build on its remarkable growth to date.

“I’m delighted to be joining an ambitious company that recognises the importance of delivering positive customer outcomes. ”