CompaniesJun 20 2014

Towry reshuffles top table after Baker Tilly buyout

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by

Towry has reshuffled its senior management team following the acquisition of Baker Tilly’s private client financial advice and investment management business.

Previous Baker Tilly chief executive John White had been assisting with the integration of the business into Towry, but will now leave at the end of June along with head of financial management operations Mike Toole and head of compliance Charles Haygarth.

John Porteous has been appointed as head of client proposition and will sit on the executive team. He joined the firm as part of the acquisition, having previously been head of wealth management at Baker Tilly. He replaces David Middleton, who leaves after seven years with the company.

Garry Appleton has also been appointed onto the executive committee, taking on the role of head of risk and compliance from Alec Macallan, who has held the position on an interim basis for the last two years. His appointment is subject to Financial Conduct Authority approval.

“We have recently undergone a period of rapid expansion following a number of acquisitions and have ambitious plans for the future”, said the wealth manager’s chief executive officer Rob Devey.

“I would like to thank David, John, Charles and Mike for their contribution to Towry and Baker Tilly over the last few years and wish them well.”