The UK wealth manager’s investment chief is reducing his “day-to-day involvement” with the firm.

Towry’s chief investment officer, Robert Dawkins, is cutting down his responsibilities as he prepares to retire after more than five years at the firm.

Dawkins, who joined Towry as CIO in 2010, will act as chairman of the firm’s investment management committee. WealthBriefing has contacted Towry as to who will succeed Dawkins and will update on this accordingly.

“Robert Dawkins’ role has changed and he is now chairman of Towry’s investment management committee – a key role within the business. While still a senior position, this role reflects Bob’s decision to reduce his day-to-day involvement with Towry. He remains a highly-valued and respected member of the investment team,” said a Towry spokesperson.

Prior to Towry, Dawkins was head of multi-manager at Aberdeen Asset Management. Before that, he was managing director of RBS Asset Management.

The news comes after Towry, which acquired rival Ashcourt Rowan in May last year, hired industry veteran Peter O’Donnell as its London investment director. In other recent high-level shuffles, Wadham Downing, a former M&A and strategy director at Legal & General, was appointed as Towry’s new chief financial officer. He replaced Paul Wright, who will remain on the board until his retirement in June.