View more on these topics

Intrinsic poaches chief risk officer from Tenet


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. ”


Tenet’s Mike O’Brien takes on regulatory director role

Tenet group brands director Mike O’Brien is taking on the role of group regulatory director after Gill Davidson leaves the business next month. O’Brien joined Tenet in 2009 as RDR programme director. He says: “Mifid II, the Financial Advice Market Review, Brexit and the consolidation of guidance services are but a few of the major […]

Intrinsic pulls out of Tenet bid

Intrinsic has pulled out of a deal to buy network Tenet after months of deliberation, Money Marketing can reveal. The Old Mutual-owned network called time on the talks because a price could not be agreed upon and there were concerns the acquisition itself would take too long to complete. It is understood the impending break-up […]


Intrinsic chief Richard Freeman to exit in 2017

Intrinsic chief executive Richard Freeman is to depart the network in early 2017. Freeman has been chief executive since 2010, having first joined as sales director. Freeman will be replaced by Intrinsic managing director Andy Thompson, but will retain a role within Old Mutual following the transition. In a statement, Freeman says: “We have the […]


The new order of taxation post-Osborne

With interest rates at such low levels it has never been more important to understand how to boost clients’ income. One of the easiest ways is to make sure you are taking advantage of the tax allowances available. In April last year, then-chancellor George Osborne introduced significant changes to the tax regime, including the nil-rate […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment