Baker Tilly sells employee benefits business

THE EMPLOYEE BENEFITS BUSINESS of Baker Tilly has been sold to insurance broker Arthur J Gallagher & Co as the firm disposes of non-core assets following its acquisition of RSM Tenon in 2013.

The sale of the business, previously owned by RSM Tenon, follows the disposal of Baker Tilly’s private client financial advice and investment management business to Towry last month, and now completes the sale of the financial management business previously owned by RSM Tenon.

Baker Tilly sold its own private client arm to Towry in 2007.

Laurence Longe, Baker Tilly’s managing partner [pictured], said: “This sale completes our re-organisation and divestment of the financial management business previously owned by RSM Tenon. Once completed, this will enable us to focus on our core markets and key areas of growth both nationally and internationally.”