REG - Brooks Macdonald Grp - Appointment of Group Chief Executive Officer

Brooks MacdonaldAnnouncement

24/06/2024 07:00

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RNS Number : 4890T  Brooks Macdonald Group PLC  24 June 2024

24 June 2024

 

BROOKS MACDONALD GROUP PLC

 

Appointment of Group Chief Executive Officer

Brooks Macdonald Group plc ("The Group", "Brooks Macdonald") announces that
Andrew Shepherd has notified the Board of his decision to retire after twenty
two years with the Group, and latterly three as Group Chief Executive Officer.
The Group is pleased to announce the appointment of Andrea Montague as Group
Chief Executive Officer from 1st October 2024, subject to regulatory approval.
To ensure a smooth handover of responsibilities, in conjunction with her role
of Chief Financial Officer, Andrea has been appointed as Group Chief Executive
Officer Designate from 1st July 2024.

Andrea is currently Executive Director and Chief Financial Officer at Brooks
Macdonald, having joined the Group in August 2023. Andrea has a breadth of
experience in the UK long-term savings and asset management sector, with an
extensive board and executive track record. Prior to joining Brooks Macdonald
Andrea was most recently Group Chief Risk Officer at Aviva, and Group Chief
Financial Controller before that. Andrea also held senior leadership positions
at Royal London Group and Standard Life plc.

The Group has commenced a search for the Chief Financial Officer role.

Commenting on the appointment, Maarten Slendebroek, Chairman of Brooks
Macdonald, said:

"I am very pleased to announce Andrea's appointment as Group Chief Executive
Officer. Andrea joined the Group in 2023 as Chief Financial Officer and as
part of the Board's succession planning strategy for the Group Chief Executive
Officer role. Nevertheless, the Board has followed a selection process
supported by independent consultants which confirmed Andrea as the strongest
candidate for the position. Since joining the Group, Andrea has demonstrated a
depth of experience, pace and leadership which will be key in her new role and
in successfully continuing to drive forward the ambitious growth strategy of
which she has been a co-architect with the Board.

On behalf of the Board, I would like to thank Andrew for his leadership,
dedication and commitment to the Group over the past three years as Group
Chief Executive Officer and over the last twenty two years with the business.
In that time, Andrew has become a respected leader in the wealth management
industry. He has been pivotal in shaping the Group over this period, and
leaves behind a stronger business. We wish Andrew well for the future."

Andrea Montague, incoming Group Chief Executive Officer, said:

"I am delighted to be appointed Group Chief Executive Officer of Brooks
Macdonald. I am looking forward to leading our team to execute our ambitious
growth strategy, deliver outstanding service to our clients and create
long-term shareholder value."

Andrew Shepherd said:

"Brooks Macdonald has been a fantastic home for me for more than two-thirds of
my career and I have had the most incredible time here, making great friends
and proudly being part of the growth of a great business. I am delighted that
in Andrea we have a successor with all the attributes needed to drive our
strategy whilst maintaining the culture that has made Brooks what it is. I
wish Andrea and all my colleagues the best for what I am sure will be an
exciting and successful future."

 

Enquiries to:

 Brooks Macdonald Group plc                                               www.brooksmacdonald.com (http://www.brooksmacdonald.com/)

 Andrew Shepherd, CEO                                                     020 7927 4816

 Andrea Montague, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Joint Broker)              020 7496 3000

 Charles Leigh-Pemberton / James Moat

 Investec Bank plc (Joint Broker)                                         020 7597 4000

 Bruce Garrow / David Anderson

 FTI Consulting                  brooksmacdonald@fticonsulting.com (mailto:brooksmacdonald@fticonsulting.com)

 Ed Berry / Katie Bell                     07703 330199 / 07976 870961

The information contained within this announcement was previously deemed by
the Company to constitute inside information as stipulated by Market Abuse
Regulation (EU) No 596/2014 ("EU MAR") and the retained UK law version of EU
MAR pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI
2019/310) ("UK MAR"). With the publication of this announcement via a
Regulatory Information Service, this information is now considered to be in
the public domain.

 

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading
wealth 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 of £17.9 billion as at 31 March 2024.

Brooks Macdonald offers outsourced discretionary investment management for
intermediaries and advice-led integrated wealth management for private
clients. The Group also acts as fund manager to a range of onshore and
international funds.

The Group has fourteen offices across the UK and Crown Dependencies including
London, Birmingham, East Anglia, Exeter, Leeds, Manchester, Nuneaton,
Southampton, Tunbridge Wells, Scotland, Wales, Jersey, Guernsey and Isle of
Man.

 

LEI: 213800WRDF8LB8MIEX37

www.brooksmacdonald.com (http://www.brooksmacdonald.com) / @BrooksMacdonald

 

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