Directorate Change

RNS Number : 3567Y

Brooks Macdonald Group PLC

05 December 2017

 

5 December 2017

BROOKS MACDONALD GROUP PLC

Senior leadership changes

Directorate Change

Brooks Macdonald Group plc (the "Group"), the AIM listed UK investment management group, today announces Board and senior leadership changes. This is against the backdrop of a fast changing external environment and is in line with the business priorities and investment plans previously set out.

After 17 years at Brooks Macdonald, Simon Jackson, Group Finance Director, has decided to step down from the Board and will leave the Group in April 2018. Simon has been a key member of the leadership team and has played a valuable role in the success achieved during that time. A process to identify his successor is underway and an announcement will be made in due course.  Simon will remain an active member of the leadership team until April and will assist in the handover of his responsibilities.

Andrew Shepherd will take on an expanded role to include the position of Managing Director, Distribution, as well as continuing as Group Deputy CEO. This is a key Group appointment in positioning our business 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. This expanded role comes into effect on 1 February 2018.

We are also pleased to announce the appointment of Jason Wood as Chief Operating Officer, adding to our leadership capabilities (a non-Board role). Jason joins Brooks Macdonald after 21 years at Schroders plc and brings extensive experience in Operations, Technology and Change. Jason 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.

Caroline Connellan, Chief Executive of Brooks Macdonald, commented

"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. 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."

Chris Knight, Chairman of Brooks Macdonald, commented:

"I would like to thank Simon for his valuable contribution to the business over the last 17 years; this has encompassed the early years as the business became established, through its float on AIM in 2005, and subsequent acquisitions and fund raisings, helping the Group grow to its current funds under management of over £11bn. We wish him all the best for the future."

Enquiries to:

Brooks Macdonald Group plc Caroline Connellan, Chief Executive Simon Jackson, Finance Director Andrew Shepherd, Deputy Chief Executive	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 / Charlie Barker	[e-mail] 020 3128 8147

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides wealth and 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 £11bn as at 30 September 2017.

The Group 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.

 

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