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Foster Denovo poaches ex-Towry M&A head to drive deals

Merge-Mergers-700.jpgNational advice firm Foster Denovo has poached former Towry M&A head Henna Fry to lead its acquisition strategy.

Fry played a leading role in the sale of Towry to Tilney Bestinvest before leaving her role in 2016 to become an independent consultant.

She will take on the newly created role of head of corporate development at Foster Denovo as it looks to continue on the acquisition trail.

In October last year, Foster Denovo acquired employee benefits consultancy TEBC, and has also looked to take on additional advisers after a string of departures.

Foster Denovo chief executive Roger Brosch says: “The sector is ready for consolidation, and Henna joins at what is a pivotal time for the business…I am excited by what we can achieve working together, and believe her contribution will be significant over the coming years.”

Fry says she was attracted to the role by Foster Denovo’s “strong heritage” and “committed individuals”.

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  1. Surely “recruited” rather than “poached” (which implies Henna was working for a competitor company when Foster Denovo hired her).

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