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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.”



Advisers angry at Hoban’s cross- subsidy claim

Advisers have attacked Treasury financial secretary Mark Hoban, who has claimed that firms will be grateful for cross-subsidisation of the Financial Services Compensation Scheme if their sector faces significant losses. At the Treasury select committee evidence session last week into competition in the banking sector, Hoban said: “It is very easy to say, my sector […]

Kensington launches new buy-to-let range

Kensington has launched a new range of buy-to-let products, with loan-to-values of up to 85 per cent. The products require rental cover of 120 per cent of the mortgage payment and rates start from 5.24 per cent. Borrowers have a choice of whether they would like to pay the product fee as either a flat […]


Paul McMahon quits Friends Provident for Aegon

Friends Provident managing director of UK corporate Paul McMahon has quit the firm for rival provider Aegon. McMahon (pictured) has been replaced by former distribution and marketing director Colin Williams. Aegon life and pensions marketing director Andy Marchant has left as a result of the appointment. McMahon, who is currently on gardening leave, will take […]


Government considers fresh non-dom tax

The Government is considering a new levy on non-doms as the Treasury seeks new revenue to fund lifting the income tax threshold, according to reports. The Sunday Times says the new levy would replace the current £30,000 annual charge on non-doms living in the UK over seven years and could be used to lift the […]


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