Market uncertainty over Towergate
Towergate chief executive’s resignation sparks industry speculation over the business’ future plans
The sentiment that best captures the mood of the industry following Mark Hodges’ resignation from Towergate is uncertainty. Although the company moved quickly to change its management structure, the sense of not knowing what is next for the firm pervades the broking community.
Hodges’ departure in mid-October was not a surprise to some but a brief company statement gave no reasons for his exit.
He took over as Towergate’s chief executive in September 2011 and was tasked with creating a corporate
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