Brooks Macdonald Group PLC Directorate Change (3106U)
March 28 2019 - 4:36AM
UK Regulatory
TIDMBRK
RNS Number : 3106U
Brooks Macdonald Group PLC
28 March 2019
28 March 2019
BROOKS MACDONALD GROUP PLC
Directorate Change
Appointment of Andrew Shepherd as CEO of Brooks Macdonald
International
Brooks Macdonald Group plc (the "Group"), the AIM listed
investment management group, today announces Board and senior
leadership changes at its International business based in the
Channel Islands. These are designed to position the business for
the next phase of its development, reinforcing its contribution to
the Group's overall strategy for growth and medium-term margin
improvement. The changes are subject to regulatory approval.
Andrew Shepherd, Group Deputy Chief Executive and Managing
Director, UK Distribution, will become CEO of the International
business with effect from 1 April 2019, based full time in Jersey.
Andrew is one of the Group's most experienced leaders with 17
years' service at Brooks Macdonald, and his appointment to this
role is a clear signal of the Group's commitment to International.
He will chair the Boards of the two legal entities within
International.
Given these commitments, Andrew is stepping down as a member of
the Group Board with effect from 1 April 2019 to focus on realising
the potential of the International business. He will remain Group
Deputy Chief Executive and will pass his Distribution
responsibilities to John Wallace, Co-Head of UK Investment
Management.
Andrew will take over from Darren Zaman, CEO for the past five
years, who has decided to leave the business. Darren has made a
major contribution to the development of International, having
joined initially as part of the 2014 acquisition of DPZ Capital
(founded by Darren in 2007) which was then integrated into the
International business. Darren leaves with the Group's best
wishes.
Richard Hughes will be appointed Deputy CEO of International, in
addition to his current responsibilities as Head of Business
Development.
The strategic rationale remains robust for Brooks Macdonald's
presence in the Channel Islands, an attractive market for the Group
with a thriving wealth management industry. The depth of
professional expertise makes the Islands an ideal base from which
to access international opportunities, which the business has taken
advantage of in recent years. Brooks Macdonald's investment
management and financial planning expertise is well suited to the
market, ensuring it remains a key element of the Group's overall
strategy.
Caroline Connellan, Chief Executive of Brooks Macdonald
commented:
"International is an important part of our Group and our future
growth strategy. I am delighted that Andrew Shepherd is taking over
as CEO of the business. Andrew's depth of experience and expertise,
alongside his people leadership and commitment to client service,
will be central to our efforts to revitalise the business so that
it contributes strongly to the Group's future success."
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Caroline Connellan, Chief Executive 020 7499 6424
Ben Thorpe, Finance Director
Peel Hunt LLP (Nominated Adviser and Broker)
Guy Wiehahn / Adrian Haxby 020 7418 8900
MHP Communications
Reg Hoare / Simon Hockridge / Charlie Barker 020 3128 8540
Notes to editors
Brooks Macdonald Group plc, through its various subsidiaries,
provides leading investment management services in the UK and
internationally. The Group, which was founded in 1991 and began
trading on AIM in 2005, had discretionary funds under management
(FUM) of GBP11.9bn as at 31 December 2018.
Brooks Macdonald offers a range of investment management
services to private high net worth individuals, pension funds,
institutions, charities and trusts. The Group also provides
financial planning as well as offshore investment management and
acts as fund manager to a regulated OEIC providing a range of
risk-managed multi-asset funds and a specialised absolute return
fund.
The Group has thirteen offices across the UK and the Channel
Islands including London, East Anglia, Hampshire, Leamington Spa,
Manchester, Taunton, Tunbridge Wells, York, Scotland, Wales,
Jersey, and Guernsey.
LEI: 213800WRDF8LB8MIEX37
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END
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