Non-public markets infrastructure supplier Titanbay has appointed wealth administration veteran Phil Smith to its board as a non-executive director.
Smith based wealth expertise platform Embark and scaled it to $42bn (£32.4bn) in belongings below administration, then led it via 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 below administration and administration final yr, and intends to be the main non-public markets infrastructure for distributors and asset managers seeking to scale their choices.
“Phil’s deep roots in wealth administration, mixed along with his expertise in scaling funding platforms, make him an ideal addition to our board,” stated Michael Gruener, co-chief government of Titanbay.
“His business data and monitor file in constructing profitable companies might be invaluable as we proceed to strengthen {our relationships} with wealth managers and empower them with best-in-class non-public market options.”
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“We’re thrilled to welcome Phil to Titanbay,” stated Ossama Soliman, co-chief government of Titanbay.
“His experience in scaling technology-driven platforms aligns completely with our mission to revolutionise non-public markets infrastructure.
“As we proceed to boost our expertise and construct a seamless, scalable answer for our companions, Phil’s insights will play a key position in shaping our subsequent section of innovation and development.”
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