Tilney Bestinvest has appointed John Tiner, who headed up the predecessor to the FCA, from 2003 to 2007, and Breon Corcoran, chief executive of Betfair, a sports betting firm.
Mr Tiner, who was succeeded at the FSA by Hector Sants, is currently a non-executive director of the Credit Suisse Group, a member of the advisory board of Corsair Capital, chairman of the Urological Foundation and a Visiting Fellow and member of the Advisory Board of the Oxford University Centre for Corporate Reputation.
Last month Mr Tiner was appointed chairman of Towergate Insurance. Tilney said in a statement: “John Tiner is a leading figure in the UK financial services industry, with extensive commercial as well as deep regulatory experience, in both executive and non-executive roles.
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“Mr. Tiner began his career with Arthur Andersen, where he worked for 25-years. In 2007 he was awarded a CBE and in 2011 he was made a Doctor of Letters from Kingston University.”
Mr Corcoran spent ten years at Paddy Power, a major bookmaker in Ireland, where as chief operating officer he had responsibility for its online and telephone based business.
He began his career working as a proprietary trader at JP Morgan and Bankers Trust. Mr Corcoran is a graduate of Trinity College, Dublin and has an MBA from INSEAD.
Michael Covell, chairman of Tilney Bestinvest, said: “We are delighted to welcome John and Breon to the board. Both have had very impressive careers and are widely respected in their fields. John and Breon will each bring considerable commercial experience and strategic insight to the board, particularly in the respective areas of regulation and digital business.”
Tilney’s new joint venture with Saga launching later this year “represents a superb growth opportunity”, he said.
He added that Tilney continues to explore further acquisitions and believes the businesses is “ideally positioned to capitalise on the significant changes taking place in the landscape for UK pensions and investments.”