Non-public markets infrastructure supplier Titanbay has appointed wealth administration veteran Phil Smith to its board as a non-executive director.
Smith based wealth know-how platform Embark and scaled it to $42bn (£32.4bn) in belongings beneath administration, then led it by way of a £390m acquisition by Lloyds.
He has additionally held senior roles at Barclays Wealth, Fortis Investments, and Prudential M&G.
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He joins Titanbay throughout a fast interval of development for the corporate. The agency handed $1bn in belongings beneath administration and administration final 12 months, and intends to be the main personal markets infrastructure for distributors and asset managers seeking to scale their choices.
“Phil’s deep roots in wealth administration, mixed together with his expertise in scaling funding platforms, make him an ideal addition to our board,” mentioned Michael Gruener, co-chief govt of Titanbay.
“His trade information and observe file in constructing profitable companies can be invaluable as we proceed to strengthen {our relationships} with wealth managers and empower them with best-in-class personal market options.”
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“We’re thrilled to welcome Phil to Titanbay,” mentioned Ossama Soliman, co-chief govt of Titanbay.
“His experience in scaling technology-driven platforms aligns completely with our mission to revolutionise personal markets infrastructure.
“As we proceed to reinforce our know-how and construct a seamless, scalable answer for our companions, Phil’s insights will play a key position in shaping our subsequent part of innovation and development.”
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