Stuart Layzell, former investment director of Lloyds Development Capital, private equity arm of Lloyds Banking Group, has been appointed as the new chief financial officer for financial planning and wealth management firm Tilney Bestinvest.
With a wealth of experience in the mergers and acquisitions field, as CFO, he will help Bestinvest reach their goal of £17.7 million profit, after posting earnings before interest, taxes, depreciation and amortisation.
Before working for Lloyds Banking Group, he was a director at PricewaterhouseCoopers and is a technology expert.
Chief executive of Tilney Bestinvest Peter Hall said that Layzell’s extensive experience in M&A would help the company grow by making more 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,” Hall said.
Tilney Bestinvest was formed in 2014 when Permira, private equity firm, acquired Deutsche Bank’s wealth management arm, Tilney. This company then merged with investment broker Bestinvest which had been acquired in late 2013.