Tutman appoints Richard Murray as Chief Executive Officer

Thesis Holdings Limited (“Tutman”), the fast-growing European fund services platform, today announces the appointment of Richard Murray as Chief Executive Officer.

Richard joins from Apex Group, one of the world’s largest fund service firms, where he most recently ran the UK business following Apex’s acquisition of Sanne Group. He brings over 25 years of experience spanning banking and fund services across both private and public markets in multiple fund jurisdictions.

Richard Murray, Chief Executive Officer, Tutman, said: “The fund services industry across Europe is at an exciting point in its evolution with companies such as Tutman leading the way in terms of client service, automation and technology. I have been impressed by the group’s ambitions to expand both service offering and geographical reach whilst always maintaining a people and client centric approach. Tutman has all the ingredients to deliver on this ambition – a leading reputation for client service, blue chip clients and partners, and a highly skilled and ambitious team. I look forward to working with them all as we continue the group’s impressive track record of both organic and inorganic growth.

Richard succeeds David Tyerman, who will step down from executive duties and join the board as a non-executive director as part of a planned transition. In his non-executive capacity, David will continue to support the firm’s strategic direction and client relationships.

David Tyerman, Non Executive Director said: “It has been a privilege to lead Tutman over the last 20 years and oversee the group’s growth during this period. Richard’s appointment marks an important milestone for the group as we embark on the next chapter of growth following Pollen Street’s recent investment. I look forward to continuing to support Richard, the wider team, and our clients going forward in my role as a non-executive director.”

The appointment follows Tutman’s investment from Pollen Street Capital and supports the group’s growth strategy, including jurisdictional expansion and the extension of service lines aimed at providing an enhanced and more holistic multi-geography client service offering. Client service teams and day-to-day contacts remain unchanged as part of the transition.

Duncan Gerard, Partner at Pollen Street said: “We would like to thank David for his role in building Tutman with a clear focus on quality, responsiveness and client outcomes. Richard is a highly respected leader in the fund services industry and brings energy and significant experience of scaling fund services businesses across service lines and geographies. We look forward to working with Richard, David, and the wider team to develop a scaled fund services platform across Europe.