Ashcourt Rowan hires regional directors

Ashcourt Rowan, the wealth management arm of Syndicate Asset Management, has appointed two regional directors as part of its ongoing expansion.

Steve Daykin and Chris Johnson - both formerly senior area sales managers with Co-Operative Bank Independent Financial Advisers before its acquisition by Ashcourt Rowan last year - have been appointed regional directors for the northern and southern regions respectively.

Ashcourt Rowan currently has 16 offices across the UK and is planning to expand its presence through a combination of customer acquisition activity - both directly and indirectly via intermediary channels - increased headcount, and new office openings.

"We have undergone a period of significant growth as a result of organic developments within the business and the acquisition of the Co-Operative Independent Financial Advisers last September," said Syndicate Asset Management director of financial planning Chris Williams.

"These appointments will ensure the highest levels of customer acquisition and customer service are maintained across our operations."

During the current financial year to date, Ashcourt Rowan's funds under management and influence have increased 42% to £3.5bn, with revenues up 28% to £12.38m at the half year stage when compared to the same period last year.

Earlier this year, Syndicate said it would focus "exclusively" on wealth management following a strategic review of the business.