Ex-Capita MD Coxell leads buyout of Rowan Dartington
A consortium of private investors led by ex-Capita financial services head Graham Coxell has acquired private client stockbroker and wealth manager Rowan Dartington from Astaire Group.
The deal, which is set to conclude in March, will see Coxell become CEO and includes a 15 per cent investment from existing staff. David Burrows keep his position as director and chief operating officer with Sue Evans as director and Andrew Morris as managing director of Signature.
Coxell has a 17-year track record in financial services. Prior to being MD of Capita’s wealth and distribution outsourcing division, he was chief executive of Marlborough Stirling.
He says: “As a team, we intend to build upon the good work and strong foundations put in place by the existing management team over the last 12 months. Our immediate objective now is to define the company’s strategy for the coming years.
“It’s business as usual but with an exciting new opportunity to go from strength to strength with an experienced and motivated team with a track record of success. Rowan Dartington has got great further growth potential, especially in the run up to and beyond the retail distribution review deadline.”
- 'Free, impartial, face-to-face advice': Can Osborne deliver on his Budget pension promise?
- HMRC: Savers will not face tax-free cash penalties following Budget reforms
- Nick Bamford: Why aren't advisers explaining their charges properly?
- Standard Life hits small firms with £1,200 fee following charge cap