Tilney Smith & Williamson has hired John Bunch as its chief commercial director, financial services.

In this role, Bunch will be a member of the group executive committee and will report to Chris Woodhouse, group chief executive.

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Bunch was formerly chief operating officer and executive vice president of Edelman Financial Engines. At that firm he led the integration of the high-tech financial advice business model of Financial Engines with the Edelman adviser network.

Woodhouse, said: “I am delighted to welcome John to Tilney Smith & Williamson in this newly created role. John is a highly experienced financial services leader with an impressive track record of bringing businesses together and motivating teams of professionals to deliver a great service for clients and achieve commercial success. He brings to the table invaluable insights gained from the US, the world’s largest wealth management market, including first-hand experience of harnessing new technologies to support both clients and advisers.”

Bunch added: “I am really excited to be joining Tilney Smith & Williamson at this pivotal moment. The recently completed merger of two well-established firms has created a formidable UK financial services business with an unrivalled proposition in the UK. I believe the growth opportunities for Tilney Smith & Williamson are superb and look forward to working with the leadership team and all of our client-facing professionals and support teams to ensure that we deliver a great range of services to both existing and new clients and take the business forward to further success.”

Tilney wrapped up the acquisition of its rival Smith & Williamson yesterday, creating a business with AuM of more than £47bn.

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In terms of revenues, the merged group is said to be the third-largest wealth manager in the UK.

It is said to be the UK’s fourth largest wealth management firm by AuM.