Nick Anderson has stepped down as head of compliance and risk of U.K. firm Towry Investment Management, IFA Online reports. He was in charge of compliance, risk management, training and competence and legal functions.
Joining the firm in 1998, Anderson earlier held other compliance roles. The Financial Services Authority had last week imposed a fine of £494,900 on Towry for providing it misleading information and for client money breaches.
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Towry Investment Management IFA Online Nick Anderson U.K. Financial Services Authority