O’Donnell will focus on discretionary and advisory clients within Ashcourt Rowan Asset Management. He has 30 years of experience in the private client industry, coming from Brewin Dolphin, where he worked as an investment director for nine years, according to a statement from Towry late last week. 

Among other recent appointments at the firm has been that of Legal & General's ex-group M&A and strategy director, Wadham Downing, as its new chief financial officer.

Towry has £9.1 billion of client assets under management or advice as of 30 June. 

The firm, which has signalled its desire to become one of the UK’s most recognisable wealth management brands, discussed significant changes affecting the industry in a commentary for this publication .