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Evelyn Partners has announced the appointment of Paul Geddes as the group’s next chief executive officer, subject to regulatory approval.
Geddes will succeed Chris Woodhouse, who is retiring from full-time executive management after dedicating over five and half years to the role, a period which has seen the business deliver the transformational merger of Tilney and Smith and Williamson to become Evelyn Partners, one of the UK’s largest wealth managers.
Under Woodhouse’s tenure, assets under management have grown from £23.5bn at the end of 2017 to £54.4bn as at 31 March 2023.
Woodhouse said: “It has been a real privilege to have worked with such a talented team of people over these last five and a half years. Together we have achieved a huge amount in terms of the strategic transformation and growth of the business. This is a testament to the hard work and commitment of our exceptional people and our culture of putting clients at the centre of everything we do.
“I am confident that Evelyn Partners will continue to go from strength to strength in the years ahead. I leave Evelyn Partners in good hands and wish Paul and everyone at the group every success as they take the business on to the next stage of its development.”
Geddes is a highly experienced senior executive, with an excellent track record over a 33-year career, the last 15 years of which have been in CEO roles. He joins Evelyn Partners from QA Group where he has been CEO since 2019. QA is a leading provider of Higher Education and Workforce Learning programmes and services and is owned by CVC Capital Partners.
Prior to leading QA, Geddes spent ten years as CEO of Direct Line, the FTSE 250 insurance group, until 2019. Under his tenure as CEO, Direct Line saw significant growth through client focused innovation.
Having been CEO of the Insurance division of the Royal Bank of Scotland, which included the Direct Line, Churchill, Privilege, Green Flag and NIG brands, he was responsible for splitting the division off from the bank and leading the successful IPO of Direct Line Group in 2012. Whilst at Direct Line, he was a member of the FCA practitioner panel and deputy chair of the Association of British Insurers.
Geddes began his financial services career with RBS in 2004, eventually becoming CEO of the Retail Bank in the UK Mainland, including NatWest, and a member of the RBS group executive committee, and then CEO of the Insurance Division. He will start his new role on 3 July.
Regarding his appointment Geddes said: “I am extremely excited to be joining Evelyn Partners to lead the next stage of its journey, building on the terrific work that everyone in the business has achieved under Chris’s leadership since 2017.
“I am relishing the opportunity to meet as many colleagues as possible across the group in my first few months as we work together on the next stage of our growth strategy.”
Chris Grigg, chair of Evelyn Partners, added: “We are delighted that Paul is joining Evelyn Partners as our new chief executive officer. He is a highly accomplished business leader who brings a wealth of experience in financial services, a record of embracing technological innovation, a depth of experience in marketing and developing talent.
