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Sunday, May 26, 2024

Vickers turns into third CEO in 14 months for Tenet

Monetary adviser community Tenet Group has promoted programme director Stephen Vickers to be its new CEO, changing Helen Ball who’s standing down after simply over a yr within the position.

Mr Vickers might be Tenet’s third CEO in 14 months after Ms Ball changed earlier CEO Mark Scanlon in March 2023.

Mr Scanlon and CFO Martin Tyler each stepped down simply over a yr in the past.

Tenet mentioned that following a strategic overview and up to date sale of a part of the enterprise, Ms Ball, who has been with Tenet for 13 years, agreed with the board that it was the precise time to face down.

Tenet lately offered Tenet’s Wealth & Funding Community to the Openwork Partnership and TenetLime, its mortgage and safety advisory community, to LSL Property Companies.


Mr Vickers joined Tenet in February 2023 and has held senior roles at Sainsbury’s Financial institution, Nationwide Australia Financial institution and HSBC in addition to roles targeted on enterprise transformation and remediation at The Co-operative Financial institution, Capgemini, Somerfield and Dwelling Retail Group.

Tenet says he’ll give attention to “operational priorities” following the closure of Tenet’s networks. He has been working carefully with Ms Ball over the previous 12 months and she is going to stick with Tenet till June to help within the transition to new management.

Phillip Hilling, chairman of Tenet, mentioned: “We’re happy to announce Stephen’s appointment as CEO and imagine his abilities and expertise mixed along with his robust understanding of Tenet, makes him the precise particular person to guide the enterprise by means of its subsequent strategic section.  

“Helen has accomplished a implausible job in attaining optimistic outcomes for all our stakeholders following the completion of Tenet’s strategic overview, and underneath Helen’s management, we have now secured well-established, profitable companies with matching cultures for our clients and their advisers.”

Ms Ball mentioned: “It has been a privilege to work alongside my colleagues at Tenet for the previous 13 years and, most lately, steer the group by means of its strategic overview and the transactions that we imagine present our advisers, clients and workers with optimistic futures. The time is correct for another person to take over the reins at Tenet and I’m happy at hand over to Stephen, who I do know will lead the enterprise with ardour and dedication. I’m very pleased with the whole lot we have now achieved and after a brief break I’m trying ahead to a brand new problem.”

Mr Vickers mentioned: “Helen and I’ve labored carefully collectively during the last yr and now we have now reached a key strategic milestone within the Tenet story due to Helen’s management, I’m delighted to be handed the baton and take the group into its subsequent section. With the help of our extremely skilled senior administration workforce, I do know we’re properly positioned to proceed offering robust and useful companies to our purchasers.”

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