When the definitive history of the UK wealth management sector finally gets written it is unlikely that Philip Muelder will feature prominently.
Yet Mr Muelder, the current head of the London office of Permira, a big private equity firm, and co-head of its financial services division, has almost certainly played a pivotal role in the emergence of Tilney Group as a leading UK wealth management firm.
Once its merger with Smith & Williamson is completed Tilney will consist of a wealth management and professional services firm with revenues and client assets under management of over £500 million and £45 billion respec...