Brooks Macdonald appoints new CEO



Wealth supervisor and Monetary Planner Brooks Macdonald has appointed chief monetary officer Andrea Montague as its new group chief govt to exchange Andrew Shepherd, who will retire after 22 years with the group.

She’s going to take over as CEO from 1 October, topic to regulatory approval.

To make sure a clean handover of obligations, at the side of her present position, Ms Montague has been appointed as group chief govt officer designate from 1 July.

The enterprise has began the seek for a alternative for the chief monetary officer position.

Ms Montague joined Brooks in August 2023 and was beforehand group chief threat officer at Aviva and group chief monetary controller earlier than that. She has additionally held senior management positions at Royal London Group and Normal Life.

Maarten Slendebroek, chairman of Brooks Macdonald, stated: “The board has adopted a range course of supported by impartial consultants which confirmed Andrea because the strongest candidate for the place. Since becoming a member of the group, Andrea has demonstrated a depth of expertise, tempo and management which will likely be key in her new position.”

Andrea Montague stated: “I’m wanting ahead to main our staff.”

Mr Slendebroek thanked Andrew Shepherd for his three years as group chief govt and 22 years with the enterprise. He stated: “In that point, Andrew has grow to be a revered chief within the wealth administration business and been pivotal in shaping the group.”

Mr Shepherd stated: “Brooks Macdonald has been a implausible residence for me for greater than two‑thirds of my profession and I’ve had probably the most unimaginable time right here, making nice pals and proudly being a part of the expansion.”

Final Autumn Brooks Macdonald introduced that it might cut back its headcount to chop prices yearly by £4m. The agency axed round 55 jobs, about 10% of its workforce, as a part of the cost-saving measures.

Brooks Macdonald stated the cuts from its 512-strong workforce had been designed to make sure it’s, “arrange for fulfillment, organised to ship its technique and drive development.”

In a buying and selling replace in April it stated it continued to see outflows for the quarter ended 31 March as buyers pulled out cash.



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