Towergate Financial acquires
John Charcol
Towergate Financial, the financial
advisory business of the Towergate Partnership, today announces the
acquisition of John Charcol, the leading independent mortgage
advisory business.
Under the terms of the deal, all John
Charcol staff and directors will be making the move to Towergate
Financial. John Charcol CEO John Garfield will work closely
with Towergate Financial CEO Ian Darby to grow the business
alongside his current management team.
John Charcol is one of the UK’s best
known independent advisors and a key element of Towergate
Financial’s growth strategy is to establish a high net worth
mortgage advisory proposition to complement its private client and
corporate solutions businesses.
Towergate Financial is part of
Towergate Partnership, Europe’s largest independently owned
insurance intermediary. Since their integration in 2009, Towergate
Financial has made good progress in building its business,
acquiring teams, and working closely with Towergate’s general
insurance businesses, which includes a number of specialist
underwriting agencies, regional brokers and a wide range of
specialist niches.
Towergate Partnership Chairman, Peter
Cullum, said,
"We are delighted to welcome 100 new
staff to Towergate and to have secured their futures under the John
Charcol brand, a brand which enjoys a great reputation and which we
will retain and further develop.
Towergate Partnership enjoys the
benefit of owning businesses with leading brands in their sector,
for example Fusion, Haywards Aviation, Broker Network and
Paymentshield. To have the leading high net worth mortgage broker
in the Group gives us a huge opportunity to provide mortgages to
our high net worth customers and SME owners. A perfect fit with
Towergate Financial which goes from strength to strength under the
leadership of Ian Darby who, as former CEO of Charcols, knows this
sector of the market inside out"
Media Contacts
Russell O'Connor
Group Communications Manager
Towergate
Mobile: 07760 282586
Email: Russell.o'connor@towergate.co.uk