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Brooks Macdonald International promotes Richard Hughes to CEO Replaces Andrew Shepherd who is incoming group CEO Brooks Macdonald International appoints Richard Hughes as new CEO Richard Hughes has been appointed as CEO of Brooks Macdonald International, following the announcement today (17 May) that current CEO of the International business Andrew Shepherd is to assume the role of group CEO. Hughes was appointed deputy CEO of International in April 2019 having joined in 2013 as head of business development and has played a role in transforming and growing the International business, including its acquisition of Lloyds international wealth management and funds business in 2020. He has 20 years experience in financial services, with the past 12 years in senior roles within the wealth management sector in Jersey, Guernsey and London. ....
FTSE 100 dips as banking stocks and stronger pound weighs on index cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
Brooks Macdonald names CEO of international arm portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
Charles Stanley and Brooks Macdonald grow assets despite Covid pressure Charles Stanley ‘cautiously optimistic’ worst of pandemic is over while Brooks Macdonald ‘on track’ to meet expectations Charles Stanley and Brooks Macdonald both reported an increase in assets under management during the first three months of the year, despite the pressures of Covid-19 and the associated lockdown. Charles Stanley said it was “cautiously optimistic” that the worst of the pandemic is over after reporting a 2% increase in funds under management (FUM) during the first three months of the year. The wealth manager’s funds under management and administration (FUMA) increased from £25.1bn at the end of December 2020 to £25.6bn at the end of March. ....
Brooks Macdonald sees record FUM as financial planning revenue falls By Sonia Rach 11 Caroline Connellan Brooks Macdonald reported a 13.3 per cent increase in its funds under management, just as it saw revenue for its financial planning arm fall. In its half year results, it reported total FUM grew to a record £15.5bn at 31 December 2020, up from £13.7bn six months prior. The firm said this was driven by “robust investment performance” of 9.5 per cent despite volatile markets, compared to an increase of 6.5 per cent MSCI PIMFA Private Investor Balanced Index. During the same period, the firm saw revenue fall slightly from £2m to £1.9m for its financial planning arm. ....