CompaniesDec 12 2014

Ex-Towry CEO joins Davy’s advisory board

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J&E Davy’s wealth management division Davy Private Clients has appointed former Towry Holdings chief executive Andrew Fisher to its business advisory board.

During his eight-year tenure as chief executive - before leaving this April - Towry grew in assets under management from £200m to over £6bn. He was previously was chief executive of Coutts and Company, overseeing a circa 59 per cent increase in UK profits over a three-year period.

Tony Garry, chief executive of Davy Group, noted that it has a growing business in the UK with offices in Belfast and London.

“We believe that Andrew’s experience will be of enormous benefit in growing our business across Ireland and the UK.”

Brian McKiernan, managing director of Davy Private Clients, added that the appointment followed that of former Brewin Dolphin chief operating officer Henry Algeo to the business advisory board in February.

“Over recent years Davy has invested heavily in people, systems and regulatory infrastructure to provide enhanced financial planning and technology based services to existing and prospective clients,” he explained.

“In 2012 we launched Davy Select – an online pension and investment platform – and since then we have grown our private client business organically and through acquisitions, including Bloxham, Prescient and iCubed in the Republic of Ireland and Square Seven Financial Planning in Belfast.

Mr McKiernan stated that the firm continues to assess expansion options and the business advisory board will play a key role in that regard.

peter.walker@ft.com