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Towry looks at closing two offices

Towry is considering closing its Norwich office and moving its East Anglia operations to Cambridge as well as closing its Londonderry office.

The firm told employees this week that it is undertaking a consultation period on operations at its Norwich branch.

There are 12 staff at the office, including four advisers and eight non-advisory staff. Towry refused to confirm whether there will be any role reductions.

The firm is also consulting on the closure of its Londonderry office, which has led to the retirement of its sole Londonderry wealth adviser Tom Leonard. There are six non-advisory staff at the office. Towry says it could consolidate its Londonderry and Belfast offices and refused to confirm any staff cuts.

Towry has also cut two members of its investment liaison team. Two roles were made redundant, with one person redeployed within the company.

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