Tilney Bestinvest appoints ex-FSA chief to board

Tilney Bestinvest has appointed former FSA chief executive John Tiner and Betfair chief executive Breon Corcoran as non-executive directors.

Tiner was previously chief executive of the Resolution Group, chairman of the UK Financial Capability Steering Group and is currently a non-executive director of the Credit Suisse Group and on the advisory board of Corsair Capital. He was awarded a CBE in 2007.

Tiner led the FSA between 2003 and 2007 and was replaced by Sir Hector Sants.

Before joining Betfair, Corcoran was chief operating officer at Paddy Power and previously worked at JP Morgan and Bankers Trust.

Tilney Bestinvest chairman Michael Covell says: “John and Breon will each bring considerable commercial experience and strategic insight to the Board of Tilney Bestinvest, particularly in the respective areas of regulation and digital business.”

He says: “The business has made excellent progress in recent years both in terms of organic growth and through the successful combination last year of Tilney and Bestinvest.”

In January 2015, Tilney Bestinvest and Saga announced the launch of a financial planning and investment advice firm for the over-50s.

Saga Investment Services is due to launch in the second half of this year.