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Towry in management shake-up following Baker Tilly deal

Baker Tilly head of wealth management John Porteous has replaced Towry head of client proposition David Middleton as part of a senior management shake-up.

The restructure will see also see Baker Tilly chief executive John White leave the business at the end of June.

Head of operations Mike Toole and head of compliance Charles Haygarth will also depart.

Garry Appleton has been appointed from internally to replace Towry’s outgoing head of risk and compliance Alec Macallan.

Money Marketing first revealed Towry was set to acquire Baker Tilly in April.

The management changes see Porteous move to become head of client proposition at Towry with immediate effect. 

Towry chief executive Rob Devey says:  ”Towry is in an exceptionally strong position. We have recently undergone a period of rapid expansion following a number of acquisitions and have ambitious plans for the future.  I am delighted to welcome John and Garry to the executive team.”

“I would like to thank David, John, Charles and Mike for their contribution to Towry and Baker Tilly over the last few years and wish them well.”

Towry, the wealth adviser, is today announcing changes to its senior management team following the recent acquisition of Baker Tilly’s private client financial advice and investment management business.     

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  1. By the looks of it Rob Devey is not messing about and has been told by the private equity boys to get Towry ready for an IPO.

    The question one has to ask is why the Previous management drag their feet. Was it they were to interested in slagging off other advisers or was it they weren’t capable of doing the job after all this

    Oh by the way John well done I am sure you will make a big difference in a short space of time.

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