Peter O’Donnell, who joins the New Street Square office, will focus on managing discretionary and advisory clients within Ashcourt Rowan Asset Management.

He has worked in the financial services industry for 30 years and has joined from Brewin Dolphin where he was an investment director for nine years.

Mr O’Donnell has previously worked for Hoare Govett, where he started his career, and HSBC James Capel where he worked for 16 years.

John Porteous, head of client proposition at Towry, said: “We pride ourselves on being able to attract people of the highest calibre and Peter is no exception.

“He is an accomplished and highly qualified investment manager who will further strengthen the wide ranging skills and expertise in our Bespoke Portfolio team. We are delighted to have him on board.”

Mr O’Donnell said: “It is a very exciting time to join the business following Towry’s acquisition of Ashcourt Rowan. I am very happy to be working alongside such a strong team as the business enters its next stage of growth.”

Towry provides Financial Planning, wealth advice and investment management services to private individuals, families and trustees.