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Towergate creates new unit as it bids to draw line under problems of the past

Towergate creates new unit as it bids to draw line under problems of the past

Towergate creates new unit as it bids to draw line under problems of the past
Towergate has announced the creation of a separate business unit to address the company’s ‘legacy challenges’.

Sarah Dalgarno will head up Towergate’s new Legacy Resolution Unit (LRU), which will be responsible for ‘ongoing simplification’ of Towergate’s legal entity structure. 

Towergate CEO David Ross said: “We have a clear understanding of the immediate challenges we face and we know that tackling our legacy issues is key to the future success of the business. This project, separating the distractions of the past from the priorities of the present, is critical to the implementation of our turnaround. I am delighted that Sarah Dalgarno has agreed to step in and lead it until its conclusion. Her specific responsibilities at AJG, where she led a project rationalising legal entities and non-core assets, together with her wide ranging experience in risk and governance, make her the ideal choice for this important priority.”

Dalgarno will continue to oversee the group risk function pending the appointment of a chief risk officer.