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Brewin Dolphin Hldgs (BRW)

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Wednesday 29 January, 2020

Brewin Dolphin Hldgs

Retirement of Chief Executive

RNS Number : 2254B
Brewin Dolphin Holdings PLC
29 January 2020
 

29 January 2020

 

This announcement contains inside information for the purposes of the Market Abuse Regulation (596/2014/EU).

Brewin Dolphin Holdings PLC

("Brewin Dolphin" or the "Company" or the "Group")

Retirement of Chief Executive and Appointment of Incoming Chief Executive

Brewin Dolphin announces today that David Nicol, Chief Executive, has decided to retire after eight years with the Group. Following an extensive internal and external search process, the Board is pleased to announce the appointment of Robin Beer as his successor. Robin is currently responsible for Brewin Dolphin's intermediaries, charity, professional services and digital businesses. David Nicol will step down on 14 June 2020 and will remain with the Group for a transitionary period until 29 July 2020.

Robin has over 20 years of experience in the financial services industry, and broad knowledge of the wealth management sector, with prior roles at National Australia Bank, Gerrard and Barclays. Robin joined Brewin Dolphin in 2008 to open and run the Nottingham office. He subsequently assumed the role of Regional Director across the Midlands, before taking charge of the intermediaries' business in 2013, which has become sector-leading under his leadership, and grown funds under management to over £14bn. He joined the Executive Committee in 2016, with further responsibilities for research, investment governance and the development of investment solutions, which has provided him with a deep understanding of Brewin Dolphin.

Simon Miller, Chairman, said: "On behalf of the Board, I would like to thank David for his outstanding contribution to Brewin Dolphin's success. He has demonstrated great professionalism, re-focused the Group's strategy, improved the quality of the organisation and built a strong team. Under his leadership, Brewin Dolphin has seen funds under management almost double from £26.0bn to £48.5bn. Our client proposition has deepened, we have invested in our office network, and both client satisfaction and employee engagement are at record levels.

"At the same time, we are delighted to announce Robin's appointment as David's successor. Robin understands both the broad landscape in which we operate and has a deep knowledge of our business and culture.  Since joining the Executive Committee in 2016, he has been a key member of the executive team and is the ideal person to continue the execution of our successful strategy, while sustaining and nurturing our well-established client-focused approach."

David Nicol said: "It has been a great privilege to lead Brewin Dolphin. After seven years as Chief Executive, and with the business well positioned for the future, I feel that now is the time for me to hand over to my successor. I am very pleased with the selection of Robin and I have every confidence in his future leadership."

Robin Beer said: "I am delighted to be chosen to lead the business at this juncture and I look forward to continuing to build on David's achievements to drive the business through its next phase of development."

Robin Beer's appointment is subject to regulatory approval.

There are no further matters to be disclosed in respect of Robin Beer's appointment under Listing Rule 9.6.13R.

 

The person responsible for arranging the release of this announcement is Tiffany Brill, Company Secretary.

LEI : 213800PS7FS5UYOWAC49

 

 

For further information:

Brewin Dolphin Holdings PLC

Simon Miller, Chairman                                              Tel: +44 (0)20 7248 4400

Carla Bloom, Head of Investor Relations                   Tel: +44 (0)20 7248 4400

 

Camarco

Ben Woodford / Jane Glover                                      Tel: +44 (0)20 3757 4990

 

Notes to Editors:

About Brewin Dolphin

Brewin Dolphin is one of the UK's leading independent providers of discretionary wealth management.

We continue to focus on discretionary investment management, and we manage £41.8 billion of funds on a discretionary basis. In line with the premium we place on personal relationships, we have built a network of offices across the UK, Channel Islands and the Republic of Ireland, staffed by qualified investment managers and financial planners. We are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients' needs at the core.

 


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