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Towry hires ex-L&G strategy boss as chief financial officer

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Towry has appointed former Legal & General strategy director Wadham Downing as chief financial officer.

Paul Wright, Towry’s current CFO, is due to retire next summer. He will remain with the business until retiring in June, and will leave after more than five years with the business, having first joined as finance director in 2009.

Downing will take on CFO role when he joins the business next week and will report to chief executive Rob Devey.

Until this summer, Wadham served as L&G’s group M&A and strategy director, and also briefly served as the insurer’s interim chief financial officer.

He has also held jobs at Resolution and Britannic.

Devey says: “We are delighted to welcome Wadham to the firm at what is an exciting period in our growth following the successful acquisition and integration of Ashcourt Rowan.

“We have long demonstrated our commitment to hiring the best talent in the industry and Wadham brings with him significant experience that will support the next phase of our development.”

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