Syndicate’s Ashcourt and Rowan arms complete merger

Syndicate Asset Management has completed the merger of its wealth management subsidiaries to form Ashcourt Rowan.

The new practice has been created through the consolidation of Ashcourt Asset Management, Ashcourt Financial Planning and Rowan and Company Capital Management. Together, the groups advise 20,000 clients, with investments of more than £2bn.

Ashcourt Rowan is led by former Lloyds TSB Private Banking chief executive officer Mark Cheshire and will operate through two trading divisions; Ashcourt Rowan Asset Management and Ashcourt Rowan Financial Planning.

Cheshire says: "We are delighted to have now successfully brought these businesses together. Through the creation of a powerful new operational platform, we now have the opportunity to capitalise on Ashcourt's and Rowan's established reputations for exceptional client service and sound investment performance at the national level."