Wednesday, 16 April 2014 11:07
Towry's chief executive Andrew Fisher to leave firm
Towry's chief executive Andrew Fisher is to leave, the company has announced.
Rob Devey, formerly chief executive of Prudential UK & Europe, will be his successor.
The wealth adviser has also announced its financial results for 2013 which showed assets under management up 14.4% to £5.6bn.
Operating profit remained at the same level at £11.8m.
Mr Fisher said: "I am hugely proud of what we have achieved in the ten years I have been here.
"Having led the growth of the company from a small local firm to a highly profitable national business which today employs 750 people, managing in excess of £5.5bn AUM, I am confident that the company is well positioned to continue its leadership of the sector.
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"I will be leaving Towry with a strong management team and in excellent financial and operational shape for further success in 2014 and beyond. I look forward to continuing my career in the wealth management sector."
Mr Devey said: "I am very excited to take over. Towry is a great business and I look forward to leading its next phase of development.
"The company is well placed to further increase its scale whilst continuing to deliver an outstanding service to its clients."
Rob Devey, formerly chief executive of Prudential UK & Europe, will be his successor.
The wealth adviser has also announced its financial results for 2013 which showed assets under management up 14.4% to £5.6bn.
Operating profit remained at the same level at £11.8m.
Mr Fisher said: "I am hugely proud of what we have achieved in the ten years I have been here.
"Having led the growth of the company from a small local firm to a highly profitable national business which today employs 750 people, managing in excess of £5.5bn AUM, I am confident that the company is well positioned to continue its leadership of the sector.
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"I will be leaving Towry with a strong management team and in excellent financial and operational shape for further success in 2014 and beyond. I look forward to continuing my career in the wealth management sector."
Mr Devey said: "I am very excited to take over. Towry is a great business and I look forward to leading its next phase of development.
"The company is well placed to further increase its scale whilst continuing to deliver an outstanding service to its clients."
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