Patrick Snowball relinquishes non executive role on Towergate
Partnership Board but remains Chairman of Towergate Financial
Services
Towergate today announces that Patrick Snowball has decided to
step down from the Board of Towergate Partnership ("TPL"). He will
remain Chairman of Towergate Financial Services ("TFS") where he
will also retain a shareholding.
Since joining Towergate in May 2007, Patrick has focused on
building TFS and assembling a high quality, experienced management
team. Patrick remains firmly committed to building this leading
financial services business under the Towergate brand, with plans
to acquire and consolidate IFA companies across the UK. TFS will
continue with its planned recruitment of a Chief Executive to join
Patrick in leading the TFS proposition.
Peter Cullum, Executive Chairman, said, "Patrick has done a
great job in establishing and developing the TFS business, which is
now up and running. I look forward to continuing to work with him
on TFS, and entirely understand his reasons for wanting to pursue a
broader range of interests."
Patrick Snowball said, "The plan when I joined was to build a
financial services business and to help lead Towergate towards and
beyond an IPO which, due to prevailing market conditions has
inevitably been delayed. I am delighted to continue as Chairman of
TFS which allows me the flexibility to pursue other non Towergate
related interests. I am thoroughly enjoying working alongside Peter
and, as Chairman and shareholder of TFS, I am committed to ensuring
that this will be a great success".
Media Contacts
Russell O'Connor
Group Communications Manager
Towergate
Tel: 01622 656782
Mobile: 07760 282586
Email: Russell.o'connor@towergate.co.uk