The second quarter of 2015 proved to be as eventful as the first for the wealth management space, as M&A, bid rumours and restructurings continued to take the headlines.
Wealth manager Towry is again considering plans for an initial public offering, according to reports.
Three members of senior staff at Ashcourt Rowan are to exit as its takeover by Towry is finalised.
Towry is to acquire Ashcourt Rowan in a £97m deal which will see the latter's CEO Jonathan Polin exit the firm.
Towry has formed a partnership with Professional Player magazine in a move to offer financial planning and investment management to footballers.
Wealth manager Towry has agreed a £70m refinancing deal which will reduce its cost of capital and give it cash for acquisitions.
Towry's chief executive Andrew Fisher is to leave the firm, with former Prudential UK chief Rob Devey to take over the role.
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