Ashcourt Rowan

Ashcourt Rowan chief operating officer Richard Sinclair is to leave the firm, leading to a restructure of the company's board of directors.

Ashcourt Rowan has posted a pre-tax loss of £2m for the year to 31 March but said it is "on the brink of realising potential value" after a return to profit in the second half.

More private equity firms are looking at buying up wealth managers as a coming savings shake-up boosts the sector's appeal, according to Ashcourt Rowan CEO Jonathan Polin.

Could debt funds be an alternative to high yield?

Ashcourt Rowan has completed its acquisition of UK Wealth Management Limited (UKWM) from Duke Street General Partner in a £14m deal.

Canaccord Genuity Group has appointed David Esfandi as chief executive of its wealth arm as part of a wider shake-up of senior management.

THE BIG QUESTION

Ashcourt Rowan has completed the acquisition of Generali Portfolio Management (UK), a deal which gives the group an additional £215m in discretionary assets under management.

QUICKFIRE Q&A

Former Brewin Dolphin investment manager Harry Burnham has joined Ashcourt Rowan as head of its asset management arm.