(Alliance News) -Â Financial services firm Brooks Macdonald Group PLC on Monday said it has promoted Andrew Shepherd to chief executive, effective from the start of July.
Shepherd is currently deputy CEO and CEO of the group's International business. He joined Brooks Macdonald in 2002.
He will succeed Caroline Connellan who, after four years as CEO, has notified the board she will resign and leave the group to become CEO of Personal Wealth at Standard Life Aberdeen PLC. Shepherd will begin a handover process with Connellan with immediate effect.
"I take over a strongly performing and well capitalised business with highly talented people and a leading full-service investment management proposition. The business continues to deliver successfully against the strategic objectives set out last year, with momentum building. I am confident in the future prospects of the group and look forward to working with everyone to continue both to create shareholder value and to deliver robust investment performance and outstanding service for our clients and intermediaries," said Shepherd.
Shares in Brooks Macdonald were up 1.0% at 2,090.00 pence in London on Monday.
By Lucy Heming;Â lucyheming@alliancenews.com
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