M and A
Towry Takes Over Glasgow-Based Financial Services Team
Towry, the UK-based wealth manager, has taken over Norscot
Financial
Services and George Square Fund Managers, Norscot’s wealth
management arm. The
terms of the deal have not been disclosed.
Former Norscot owner, David Mills, and his team, will join
Towry’s Glasgow office
where they will continue to look after all former Norscot and
GSFM clients.
“With
Towry’s extensive investment management capability and
specialists covering all
areas of wealth advice, I am confident that this change is the
right direction
for our clients,” Mills said in a statement.
The two businesses currently advise around 900 clients in the
Glasgow
area.