Wealth supervisor and Monetary Planner Brooks Macdonald has appointed chief monetary officer Andrea Montague as its new group chief govt to switch 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 easy handover of duties, along with 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 substitute 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 variety 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 shall be key in her new position.”
Andrea Montague stated: “I’m wanting ahead to main our workforce.”
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 turn out to be a revered chief within the wealth administration trade and been pivotal in shaping the group.”
Mr Shepherd stated: “Brooks Macdonald has been a unbelievable house for me for greater than two‑thirds of my profession and I’ve had probably the most unbelievable time right here, making nice pals and proudly being a part of the expansion.”
Final Autumn Brooks Macdonald introduced that it will scale 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.
