Last checked at 11 Apr 2017 07:00
11 April 2017
BROOKS MACDONALD GROUP PLC
(the "Group" or "Brooks Macdonald")
New Chief Executive joins today
Further to the announcement on 20 October 2016, Brooks Macdonald is pleased to confirm that Caroline Connellan has today joined as its new Chief Executive.
As previously announced, the Group also confirms that Chris Macdonald has become Deputy Chairman with effect from today, subject to regulatory approval.
Caroline Connellan, Chief Executive of Brooks Macdonald, commented:
"I am delighted to be joining Brooks Macdonald at a time of significant opportunity and change in the wealth management sector. I am inheriting a strong legacy and this, combined with the strength of our adviser relationships, positions the Group well for the future. I look forward to building upon the success to date and, together with our experienced team, ensuring we continue to meet and exceed our clients' expectations.
"As we build on this strong foundation and enter the next phase of growth, I will be looking for further opportunities to develop our business. My focus will be on enhancing our offering and service levels, developing the efficiency of the business, and continuing to adapt to the fast changing competitive and regulatory landscape.
"I feel passionate about the important role that Brooks Macdonald plays, in partnership with advisers, in helping people plan and save for their future needs. As such, I am looking forward to leading a business that has such a strong track record and reputation in the marketplace."
Biographical notes
Caroline Connellan has more than 20 years' experience in financial services. Before joining Brooks Macdonald she was Head of UK Premier and Wealth at HSBC where she led the transformation of the UK Wealth business. Prior to this she held a number of senior corporate roles, including Group Strategy Director at Standard Life, and had extensive experience in the wealth and asset management sector as a consultant at McKinsey. Caroline started her career as a Fund Manager with Newton Investment Management in London.
ENDS
Enquiries to:
Brooks Macdonald Group plc Caroline Connellan, Chief Executive Simon Jackson, Finance Director | www.brooksmacdonald.com 020 7499 6424 |
Peel Hunt LLP (Nominated Adviser and Broker) Guy Wiehahn / Adrian Haxby
| 020 7418 8900 |
MHP Communications Reg Hoare / Simon Hockridge / Giles Robinson / Charlie Barker
| 020 3128 8100 |
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 £9.33bn as at 31 December 2016.
Through its core divisions, 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 fund management and administration services and acts as fund manager to regulated OEICs, providing specialist funds in the property and structured return sectors and managing property assets on behalf of these funds and other clients.
The Group has twelve offices across the UK and the Channel Islands including London, Edinburgh, Guernsey, Hale, Hampshire, Jersey, Leamington Spa, Manchester, Taunton, Tunbridge Wells and York.