British wealth manager Towry has hired Wadham Downing as new chief financial officer, replacing Paul Wright.
Downing will report to chief executive Rob Devey and will be a member of the Towry Board. Wright will remain with the business and on the Towry Board until his retirement in June 2016.
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Downing joined Towry from Legal & General, where he held a number of senior group roles including group CFO and group merger and acquisition and strategy director. Prior to this, he has worked with Resolution and Britannic.
Devey said: "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."
Downing said: "The business has built a compelling proposition and I look forward to working alongside such a dynamic and well-respected leadership team to help execute the firm’s long-term growth strategy."
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