Ashcourt Rowan appoints adviser

In an announcement to the stock exchange, the firm said the appointment, which comes into immediate effect, followed the completion of the acquisition of Collins Stewart Hawkpoint by Canaccord Financial Inc. The advisor and broker changed its name from Collins Stewart Europe to Canaccord Genuity. Yesterday, Ashcourt Rowan subsidiary Savoy Investment Management transferred six investment management staff to Walker Crips. Under the terms of the deal, Walker Crips will pay Ashcourt Rowan £425,000 and reimburse third party costs associated with the transaction.