The new global head of wealth management will start his role on 2 January 2019.

Global investment manager Schroders has appointed Peter Hall as its new global head of wealth management, to take effect on 2 January 2019, subject to regulatory approval.

The new head of wealth management was most recently chief executive of UK wealth manager Tilney. Hall stepped down in October 2017 after seven years at the helm and more recently has been an advisor to Tilney’s parent company Permira on pursuing investment opportunities in global wealth management.

Hall is replacing Andrew Ross, who has decided to step back from a full-time executive role and will move to a new role within Schroders as vice chairman of wealth management.  In this capacity, Ross will advise Schroders on the sector, and provide continuity and focus on the services it offers to families. He will be based in London, and will report to Peter Harrison, group CEO.

Ross will continue in his current role as global head of wealth management until 31 December to ensure a smooth transition.

“Andrew has built a strong team combining the best of Cazenove Capital and Schroders Wealth Management giving us a platform for growth in the future,” said Harrison. “Continuing to grow our wealth management business is a strategic priority. Peter Hall’s industry experience, proven management track record and leadership skills mean he is the right person for this job. He understands and believes in the service, philosophy and culture that is so important to us and our clients.”