Towry, a UK-based wealth advisory firm, has named Rob Devey as new CEO replacing Andrew Fisher, who has stepped down after eight years in the role.
Prior to joining Towry, Devey served as CEO of Prudential UK & Europe and an Executive Director of Prudential from 2009 to 2013.
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Previously, he held several senior roles with Lloyds Banking Group, including MD Direct Channels, MD HBOS Financial Services, and MD HBOS Retail Distribution and also worked at the Boston Consulting Group.
Fisher has joined Towry in 2004 as chairman.
The move comes after the firm Towry reported a 14.4% rise in assets to £5.6 billion in 2013.
Andrew Fisher said: "Having led the growth of the company from a small local firm to a highly profitable national business which today employs 750 people, managing in excess of £5.5bn AUM, I am confident that the company is well positioned to continue its leadership of the sector. I will be leaving Towry with a strong management team and in excellent financial and operational shape for further success in 2014 and beyond."
Rob Devey said: "Towry is a great business and I look forward to leading its next phase of development. The company is well placed to further increase its scale whilst continuing to deliver an outstanding service to its clients."
Ron Sandler, incoming chairman, said: "Under Andrew’s leadership Towry has been transformed into one of the leading wealth advisers in the UK. Rob brings significant financial services experience from within large scale institutions that will help Towry further develop its market position and accelerate its growth."
