Last checked at 19 Jan 2023 11:03
19 January 2023
BROOKS MACDONALD GROUP PLC
Directorate change
Brooks Macdonald Group plc ("The Company", "Brooks Macdonald") announces that Ben Thorpe, Chief Financial Officer, has notified the Company of his intention to leave the business in due course. He will leave the Board with immediate effect but will continue in the role of Chief Financial Officer while a replacement is sought and an orderly handover takes place. A search is under way for a suitable candidate who will be able to contribute to the next phase of Brooks Macdonald's ambitious growth plans.
Lynsey Cross, Chief Operating Officer, will also be leaving the Company in the coming months. Lynsey led the successful re-platforming of the business to SS&C Technologies Holdings inc., which has been a major milestone in the Group's digital transformation project. Lynsey will continue to work with the Company to oversee the realisation of benefits from the migration but will leave the Board with immediate effect. With much of the operation of the business now outsourced, the Directors do not currently intend to appoint a Board-level replacement.
Commenting on the Board changes, Alan Carruthers, Chairman of Brooks Macdonald, said: "I would like to thank both Ben and Lynsey for their contributions during a period of significant change for the business. They leave BM in a much improved position and well placed for further growth."
Enquiries to:
Brooks Macdonald Group plc
Andrew Shepherd, CEO
www.brooksmacdonald.com
020 7659 3492
Peel Hunt LLP (Nominated Adviser and Broker)
Paul Shackleton / Andrew Buchanan / John Welch
020 7418 8900
FTI Consulting
Edward Berry / Katherine Bell
brooksmacdonald@fticonsulting.com
07703 330199 / 07976 870961
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 of £16.2 billion as at 31 December 2022.
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 international investment management, and acts as fund manager to a range of onshore and international funds.
The Group has fifteen offices across the UK and Crown Dependencies including London, Birmingham, Cheltenham, East Anglia, Exeter, Leeds, Manchester, Nuneaton, Southampton, Tunbridge Wells, Scotland, Wales, Jersey, Guernsey and Isle of Man.
LEI: 213800WRDF8LB8MIEX37