Tilney Bestinvest hires new CFO

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Tilney Bestinvest has appointed Stuart Layzell as its new chief financial officer.

Layzell has previously worked at PwC, the private equity arm of Lloyds – LDC – and helped to launch the Business Growth Fund. Most recently he worked for private equity-backed technology companies Fourth and Isotrak. The CFO role at Tilney Bestinvest is new.

Tilney Bestinvest says the hire comes at a time when it is still hunting for acquisitions.

“[Layzell] brings considerable experience both of high-growth companies and of mergers and acquisitions – expertise which will prove invaluable to Tilney Bestinvest as we progress with our growth strategy,” says Peter Hall, chief executive at Tilney Bestinvest.

“The business is seeing strong organic growth underpinned by award winning services and we continue to explore opportunities for potential acquisitions where we think the fit with the existing business is strong and will benefit our clients.

“With the support of a significant backer in the Permira funds, a diverse range of very competitive services and the joint venture with Saga launching later this year, the business is incredibly well positioned for the future.”

Saga and Tilney Bestinvest are launching a joint investment advice and financial planning service later this year, and have appointed Nicola Audhlam-Gardiner as managing director.