Davy Private Clients, the wealth management division of J&E Davy (Davy), has appointed Andrew Fisher to its Business Advisory Board.
Fisher (53) is one of the highest profile figures in UK wealth management having served as CEO of Towry Holdings (until stepping down in April 2014) and prior to that, as CEO of Coutts & Company, the international private bank.
During his eight-year tenure as CEO, Towry became a major consolidator in the UK financial advisory space growing Assets Under Management from GBP200m to over GBP6 billion. Prior to Towry, Andrew was CEO of Coutts & Company where he oversaw a circa 59% increase in UK profits over a three-year period.
Tony Garry, Chief Executive of Davy Group, says: “We are pleased that Andrew has decided to join our Business Advisory Board. In addition to our domestic business, Davy has a growing business in the UK with offices in Belfast and London. We believe that Andrew’s experience will be of enormous benefit in growing our business across Ireland and the UK.”
Brian McKiernan, Managing Director of Davy Private Clients, and CEO-designate of Davy Group said:
“Andrew’s appointment is very welcome and follows the appointment of Henry Algeo (former COO of Brewin Dolphin) to our Business Advisory Board in February of this year. Both men bring a wealth of experience and insight that will assist Davy to grow in a sustainable manner that benefits the firm and our clients.
“Over recent years Davy has invested heavily in people, systems and regulatory infrastructure to provide enhanced financial planning and technology based services to existing and prospective clients. In 2012 we launched Davy Select – an online pension and investment platform – and since then we have grown our private client business organically and through acquisitions, including Bloxham, Prescient (formerly AIBIM) and iCubed in the Republic of Ireland and Square Seven Financial Planning in Belfast. We continue to assess expansion options and our Business Advisory Board will play a key role in that regard.”
Fisher says: "I have been impressed at the scale of Davy’s financial planning and investment services which compare favourably with their top tier peers in the UK. I am looking forward to working with the senior management team in Davy and supporting the ongoing growth trajectory of the firm”.