Brooks Macdonald Group PLC Directorate Change (9973M)
October 20 2016 - 2:00AM
UK Regulatory
TIDMBRK
RNS Number : 9973M
Brooks Macdonald Group PLC
20 October 2016
20 October 2016
BROOKS MACDONALD GROUP PLC
Directorate Change
Appointment of Group Chief Executive
Brooks Macdonald Group (the "Group" or "Brooks Macdonald") is
pleased to announce that Caroline Connellan will be joining Brooks
Macdonald as Group Chief Executive Officer in April 2017, subject
to regulatory approvals. Caroline, 43, has more than 20 years
experience in financial services, most recently as Head of UK
Premier and Wealth at HSBC where she has 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.
Chris Macdonald will remain with Brooks Macdonald in his current
role of Chief Executive becoming Deputy Chairman with effect from
April 2017. As Deputy Chairman, Chris will also serve as an adviser
to Brooks Macdonald to support the continued growth and development
of the Group. It is the intention of the Board that subject to
shareholder approval Chris would take on the role of Chairman in
the future.
These changes continue the process begun last year to deepen the
Group's senior management team whilst enabling Chris, the Group's
co-founder, to evolve his role in line with the strategic
objectives of the Group.
Save as set out in the Appendix to this announcement, there are
no additional disclosures required under Rule 17 and Schedule 2,
paragraph (g) of the AIM Rules for Companies.
Chris Knight, Chairman of Brooks Macdonald, commented:
"We are delighted that Caroline will be joining us as we look to
the next phase of growth for Brooks Macdonald. Caroline brings
significant wealth management experience that will be critical to
delivering the Group's strategy and we are confident that she will
bring a valuable external perspective which, together with our
experienced management team, will enable us to meet our clients'
expectations and to drive further growth in our business."
"Chris has been central in the foundation, development and
significant growth of Brooks Macdonald over the last 25 years. His
new role as Deputy Chairman will ensure the Group continues to
benefit from his experience and expertise as it fulfils its growth
ambitions."
ENDS
The Group has also today separately announced its quarterly
Funds under Management.
Appendix - AIM Rules Schedule 2(g) disclosures
Caroline Mary Connellan's directorships in the last five years
are as follows:
Company Role/Position Date from Date to
------------------------ ---------------- ----------- ---------------
Current
HSBC Wealth Client HSBC Nominee 16/10/15 Present
Nominee Limited (resignation
in process)
------------------------ ---------------- ----------- ---------------
Former
HSBC TKM Ltd
(formerly HSBC
UK Wealth Client HSBC Nominee 22/09/15 22/10/15
Nominee Ltd/TKM
Limited - dormant
company subsequently
liquidated)
Sick Kids Foundation
(Charity) Trustee 29/08/11 25/06/12
------------------------ ---------------- ----------- ---------------
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Chris Macdonald, Chief Executive 020 7499 6424
Simon Jackson, Finance Director
Peel Hunt LLP (Nominated Adviser
and Broker)
Guy Wiehahn / Adrian Haxby 020 7418 8900
MHP Communications
Reg Hoare / Simon Hockridge /
Giles Robinson 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 GBP8.30bn as at 30 June 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 20, 2016 02:00 ET (06:00 GMT)