1825’s chairman and former chief executive Steve Murray is stepping down from his role at the restricted advice arm for a new position within the Standard Life Aberdeen (SLA) group.
Murray is being replaced as 1825 chairman by SLA’s head of UK Barry O’Dwyer.
Murray, who was involved with 1825 since its inception, was the chief executive of the restricted advice group until he moved into the newly created position of chairman last September. He was replaced as 1825 chief executive by Julie Scott.
A spokeswoman for SLA said Murray will now be deputy head of private markets for the wider SLA group.
In a separate development Murray is also becoming a non-executive director of advice network TenetConnect and mortgage and insurance network TenetLime (both part of the Tenet Group).
SLA has a 25% stake in Tenet. Aviva and Aegon also own stakes business after its founders sold their shares to providers in 2010.
Martin Greenwood, Tenet’s chief executive, said: ‘We’re delighted to welcome Steve Murray to the Tenet Group board and look forward to working with him to deliver Tenet’s strategic objectives.’
Previously SLA veteran Don Wild was a non-exec at Tenet until he retired last year.
In June New Model Adviser® reported Tenet has been hunting for a new chief executive with Greenwood due to retire soon.