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Thomson&#39s set for name change in Euro push

IFA Thomson&#39s Group may adopt the name of its German parent AWD Holding as part of its bid to become the UK&#39s leading European IFA.

The group is believed to be considering the name change which would not necessarily see the Thomson&#39s name disappear entirely but would give a better indication of its attachment to the German financial services group.

300-RI group Thomson&#39s was bought by AWD in 2001, which has 4,846 advisers in Germany, Austria, Switzerland and Italy and has recently acquired several businesses in Eastern Europe.

Speaking at a conference in London last week, entitled, New Trends and Challenges in European Financial Services Markets, chief executive Douglas Gardner said the firm has gained a strong financial partner in AWD and extensive financial leeway to secure future growth within the group.

He said: “Thomson&#39s pursues a consistent growth strategy, as does AWD. It is based in part on independence as a commitment and a core competence.

“Future objectives include an increase in the number of advisers and their productivity, especially by making use of cross-selling potential, expanding the customer base, realising synergies within the Thomson&#39s group and developing the AWD brand in the UK.”



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