Brooks Macdonald has made a number of changes to its senior leadership and board. These include current deputy chief executive Andrew Shepherd taking on the expanded role of managing director, distribution.
Mr Shepherd will continue as deputy chief executive in addition to his new responsibilities, which he will take up from 1 February 2018. The firm said this new role positioned it for “future growth, as we focus on enhancing our offering to the professional intermediary sector as well as providing the highest levels of service to advisers both in the UK and internationally.”
The firm has also appointed Jason Wood as chief operating officer (COO). Mr Wood joins the firm after 21 years at Schroders. A statement said Mr Wood “will lead enhancements to our technology strategy and operational framework, to deliver improved effectiveness and efficiency, as we build a stronger platform for sustainable growth.”
Simon Jackson, group finance director, has retired from the board and will leave the firm in April 2018. Mr Jackson has worked at Brooks Macdonald for 17 years. The firm is currently searching for his replacement.
"As previously outlined, we are investing to enhance our capabilities to support our investment teams and to ensure we continue to meet and exceed our clients' and advisers' expectations,” said Caroline Connellan, chief executive. “The appointments we have announced today will enable us to build on our success to date and create a stronger platform for delivering future growth whilst pursuing greater efficiency and progressively improving our margins."
Brooks Macdonald was founded in 1991 and began trading on AIM in 2005. It had discretionary funds under management of £11 billon as at 30 September 2017. It has ten offices across the mainland UK and two in the Channel Islands including London, Cardiff, Edinburgh, Guernsey, Hampshire, Jersey, Leamington Spa, Manchester, Taunton, Tunbridge Wells and York.