Since the Axa deal that completed at the end of last year, Chamberlain has been contemplating his future and he says he feels the time is now right to leave the industry altogether and focus on his wife and young family.
Advisory Services Ltd managing director and Thinc board director John Simmonds will replace Chamberlain as chief executive, subject to regulatory approval.
Chamberlain says: “After 20 years in the industry as an adviser, manager, director and chief executive officer, it is time to place Thinc in the hands of a new leader, to take it forward over the next five years with as much vigour and enthusiasm as I have done in the last five years.
“All my time has been committed to our model, and more importantly our people, and now there’s three young children, and of course my wife, who I need to be with at this most important time in their lives. Thinc has now been successfully integrated into the Axa stable and therefore this is the right time to place the same kind of priority on my family life as I have placed on my worklife for the last 20 years.”
Simmonds says: “Our strategy is to continue to build Thinc into a highly professional adviser firm of significant scale in the marketplace. We already have a strong team at Thinc and I am looking forward to building on these foundations to create a market-leading advisory business.”