Andrew Fisher, former chief executive of Towry and industry veteran, has joined Smith & Williamson as a non-executive director, Wealth Manager understands. 

Fisher (pictured) recently stepped down as a director at C Hoare & Co, the UK's oldest private bank. 

Prior to joining C Hoare, Fisher held a number of senior positions in financial services. He was chief executive of Towry for eight years until he stepped down in April 2014.

During his time at the helm he completed a number of acquisitions, taking assets at the company from £200 million to over £6 billion.

When Towry was sold to Tilney in 2016 Fisher was still a shareholder in the company, benefiting from the £600 million price tag. 

Prior to leading the acquisition of Towry Law by John Scott & Partners back in May 2006 and building the company into a significant wealth business, Fisher served as chief executive of Coutts Group. 

He started his career as a graduate trainee with Unilever, moving on to Coopers and Lybrand - now PwC - afterwards. He also had a stint as chief executive of Cox Insurance Holdings and acted as a senior adviser to the Carlyle Group. 

He comes on board at Smith & Williamson as the company prepares for a stock market float following a failed acquisition bid by Rathbones last year. 

In its results for the six months to 31 October Smith & Williamson, co-chief executive David Cobb said the company will not be in a position to list on the stock exchange before the second half of 2019. 

Smith & Williamson did not respond to a request for comment.