Baker Tilly has sold off the final division of the financial management business it acquired when it took over RSM Tenon last year, with the sale of its employee benefits business to international insurance broker, Arthur J Gallagher & Co.
The business was previously owned by RSM Tenon and was part of the business acquired by Baker Tilly in 2013.
The disposal follows the sale of Baker Tilly’s private client financial advice and investment management business to Towry last month.
Laurence Longe, Baker Tilly’s managing partner, 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.’
