CompaniesSep 2 2016

Towry investment boss to quit after Tilney merger

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Towry investment boss to quit after Tilney merger

Towry’s head of investment Andrew Wilson is to leave the company this year following its takeover by wealth management rival Tilney Bestinvest.

Towry has confirmed Mr Wilson has decided to leave the business in order to pursue new opportunities.

The investment boss has spent 22 years at the company, joining in 1994 when it was called John Scott & Partners.

Tilney announced back in April that it had purchased Towry for £600m as it looked to offer a wider range of services for clients.

A spokeswoman from Towry said Mr Wilson will remain with the company for “some months” to help ensure a smooth integration with Tilney.

She said Mr Wilson has made a “considerable contribution” since joining the business.

As the firm is currently in a HR consultation process around the integration, it was unable to confirm the details of the future structure of the central investment team.

The merger of the two businesses began last month, and Tilney Bestinvest managing director of business development and communications Jason Hollands said clients should not notice any difference.

Tilney has also recently reshuffled its investment team, with Julius Baer’s managing director Alan Edwards taking over as head of investment management for England.

Earlier this week, the firm announced it had promoted Miles Robinson to head of investment management in London, and last year it hired former Signia Wealth managing director, Martin King.

katherine.denham@ft.com