Private markets infrastructure provider Titanbay has appointed wealth management veteran Phil Smith to its board as a non-executive director.
Smith founded wealth technology platform Embark and scaled it to $42bn (£32.4bn) in assets under management, then led it through a £390m acquisition by Lloyds.
He has also held senior roles at Barclays Wealth, Fortis Investments, and Prudential M&G.
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He joins Titanbay during a rapid period of growth for the company. The firm passed $1bn in assets under management and administration last year, and intends to be the leading private markets infrastructure for distributors and asset managers looking to scale their offerings.
“Phil’s deep roots in wealth management, combined with his experience in scaling investment platforms, make him a perfect addition to our board,” said Michael Gruener, co-chief executive of Titanbay.
“His industry knowledge and track record in building successful businesses will be invaluable as we continue to strengthen our relationships with wealth managers and empower them with best-in-class private market solutions.”
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“We’re thrilled to welcome Phil to Titanbay,” said Ossama Soliman, co-chief executive of Titanbay.
“His expertise in scaling technology-driven platforms aligns perfectly with our mission to revolutionise private markets infrastructure.
“As we continue to enhance our technology and build a seamless, scalable solution for our partners, Phil’s insights will play a key role in shaping our next phase of innovation and growth.”
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