With plenty of experience of the traditional financial industry the firm has ambitious plans to encourage more and more customers to embrace digital wealth management.
Newly launched digital wealth manager Tiller has expanded its team with a raft of senior hires as the firm plots its ambitious growth plans following its launch earlier this month.
John Bennett has joined as head of business development and Mark Cadby as chief technology officer.
Launched in July 2018, Tiller combines an automated investment portfolio with both exchange traded funds (ETFs) as well as active managers and thematic portolio overlays.
Formed by the duo behind hedge fund boutique Ermitage, the firm is offering portfolios from 0.75 per cent per year (not including fund fees) with a minimum £10,0000 investment. It is launching with an individual Savings Account (ISA) and general investment account (GIA) with plans for a SIPP to follow.
The firm has raised £9m so far with £2m from its senior management team.
John Bennett has over 25 years’ experience working in sales & business development roles. Prior to joining Tiller, he was a partner at quantitative risk management start up, QLAB Invest AG, a quantitative multi-asset index provider. Prior to that, John was UK Head of Alternative Funds Distribution at UBS Bank. He also previously spent 10 years as Head of UK Distribution at Man Investments from 2000 to 2010.
Mark Cadby has over 30 years’ experience in the IT industry working in both Project Management and IT Management roles for international financial institutions, software houses and as an independent consultant. He led the transformation of an in-house product into a marketable external systems product offering for Ermitage Group and was responsible for a number of large application integrations for Standard Bank (Jersey) Limited
Ian Cadby, chief erxecutive officer & co-founder of Tiller, says the firm is trying to build the next generation online wealth manager.
“We think of ourselves as a team of professionals experienced in wealth management who have embraced technology rather than technologists who have seen an opportunity in the wealth management industry.”
“There has been encouraging feedback from investors and institutions since our launch in July. We are confident that we have assembled a team with the talent to build on this momentum and establish ourselves as the most advanced online wealth manager in Europe,” he said
Tiller has also appointed Hamish Haddow as head of marketing and Marcus Dutton as product & innovation director. Hamish joins Tiller from Hargreaves Lansdown, where he worked across channels generating leads and accounts, while Marcus joins from DMS Bank & Trust, where he was head of card services.
Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.