Tilney Smith & Williamson have announced the appointment of Mayank Prakash as Chief Technology Officer and a member of the Group Executive Committee.
Tilney Smith & Williamson is a UK wealth management and professional services group, created by the merger of Tilney and Smith & Williamson on 1 September 2020. The group is responsible for £47bn of client assets under management (AUM) and ranks as the UK’s third-largest wealth manager by revenues and the sixth-largest UK professional services firm measured by fee income.
Mayank has a track record leading teams and implementing large-scale digital transformation programmes across both the private and public sector. He will join Tilney Smith & Williamson from FTSE 100 utilities group Centrica where he has served as Chief Consumer Digital & Information Officer and led teams to deliver customer experience improvements leading to increase in digital interaction across 14 brands.
Prior to this, Mayank was Chief Digital & Information Officer at the UK Department of Work & Pensions (DWP), where he was responsible for the UK’s biggest IT and Operations estate and carried responsibility for scaling digital services for 13 million people. During his time at the DWP, he was named the most influential person in UK information technology in Computer Weekly’s annual UKtech50 rankings for 2017. Mayank has also held a number of other senior management positions, including at Morgan Stanley Wealth and Asset Management and Sage Group.
Mayank Prakash, Group Chief Technology Officer at Tilney Smith & Williamson, added: “This is a really exciting time to be joining the business. The merger of Tilney and Smith & Williamson is a transformational combination which will create a truly unique business able to support clients with a wide range of services to facilitate the management of their personal wealth and their business interests.
“While the sectors it operates in have overall been slow to adapt to the opportunities that new technology provides, both Tilney and Smith & Williamson have made major investments in new systems in recent years. I have been really impressed with the determination of the new Group to embrace best-in-class technology and be at the forefront of digital innovation to the benefit of clients.”