Tennant takes on the role with immediate effect, replacing Richard Hambro who has decided to step down.
Hambro has been battling with a serious illness for some time and he feels that he is unable to give the time that the role demands, however he will remain as a non executive director of the company.
Tennant has been a member of the Money Portal board for several years. He has also held senior roles at Hambros Bank, Hill Samuel and also JP Morgan where he is a senior adviser in the investment bank.
Tennant says: “We are indebted to Richard for his board leadership during a period of significant business expansion and we all wish him well with his on going battle to restore his health. I’m delighted to be appointed Chairman of a company that I’ve watched grow at a rapid rate. Whilst there are challenges that lay ahead for us all in this sector I believe Money Portal will ultimately be a net beneficiary as the demand for trusted financial advice grows in the UK.”