TMF Group appoints Tim Houghton as Global Head of Private Wealth and Family Office services
TMF Group, a leading provider of compliance and administrative services, today announced the appointment of Tim Houghton as its new Global Head of Private Wealth and Family Office (PWFO) services.
Tim joined TMF Group in March 2019, as a member of the Private Clients team. In January 2022, he was appointed Market Head for the Channel Islands. Tim is a Chartered Member of the CISI, an Affiliate Member of STEP, and he holds both an ICSA diploma in offshore finance and administration and a CMI executive diploma in management.
In his new role as Global Services Head, Tim will oversee TMF Group’s strategy for international pensions, employee benefits and management incentive programmes (MIP). He will report to Daniel Max, TMF Group’s Head of Global Solutions.
James Coughlan will become the sole Market Head for the British Isles and Ireland (BII) market, reporting to Frank Welman, TMF Group’s Head of EMEA. James assumes responsibility for all aspects of the recently merged market, having demonstrated strong leadership during this process. This change will enable efficient decision-making that will drive growth in BII, now one of TMF Group’s largest markets.
Tim will also work closely with Aynsley Vaughan, who has been instrumental in driving PWFO since 2021 and, more recently, the Global Entity Management (GEM) services, in the areas where GEM and PWFO overlap. Aynsley will continue as the global leader for the group’s GEM services.
Daniel Max, TMF Group’s Head of Global Solutions, said: “The Private Wealth and Family Office services remain a key focus for the group, tying together our services across multiple jurisdictions as we strive to offer global services to our clients. Over the last few years, we have improved our client portfolio to better manage risk across all our key jurisdictions. I am delighted to have the opportunity to align Tim’s expertise with an area of significant focus as we continue to invest in our PWFO services and the various related client services relevant to this group of customers.”
Commenting on his appointment, Tim said: “I am extremely grateful to TMF Group for this opportunity, and I am thrilled to start this new chapter in my career. PWFO is a sector that I have extensive experience in, and I look forward to being able to work across the full scope of TMF Group countries in this role.”
