Brooks Macdonald Group announces Alan Carruthers to its Board of Directors as upcoming Chairman

– UK, London – Brooks Macdonald Group plc (LON:BRK), the AIM listed investment management group, today announces the appointment of Alan Thomas Carruthers as Chairman with effect from 14 March 2019, following the publication of the Group’s Interim Financial Report. He will succeed Christopher Knight, who will be retiring as Chairman on that date.

Colin Harris, the Senior Independent Director who led the process to appoint a successor to Mr. Knight, commented: “The Group Board set strict criteria for choosing a new Chairman, demanding a careful selection process giving due consideration to a range of factors. We are therefore delighted that Alan Carruthers has accepted our invitation to join the Board and become Chairman in March. Alan has deep expertise in financial services with over 25 years’ experience in both executive and non-executive director roles. He has been Chairman of Numis Corporation plc since March 2017.

“On behalf of the Board I would like to place on record our thanks to Chris Knight for the contribution he has made to the development of Brooks Macdonald over his 17 years on the Board and 14 years as Chairman. He led the company through its initial public offering in 2005, guided it through a period of rapid growth and, more recently, oversaw the CEO transition from co-founder Chris Macdonald to the current CEO, Caroline Connellan. I know Chris will be pleased to be leaving Brooks Macdonald in a strong position for the future.”

Alan Carruthers, the incoming Chairman of the Group, commented: “It is an honour to succeed Chris Knight, whose 17 years of service to Brooks Macdonald have seen the Group transformed. He leaves a firm well-positioned in its market, with exceptional adviser and client relationships driving a track record of market-leading levels of growth. I look forward to working with my new Board colleagues and the executive team led by Caroline Connellan, and I am confident that we can continue the Group’s successful growth.”

About Brooks Macdonald Group plc

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment 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 (FUM) of £11.9bn as at 31 December 2018.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as offshore investment management and acts as fund manager to regulated OEICs providing specialist funds in the property and structured return sectors.

The Group has thirteen offices across the UK and the Channel Islands including London, East Anglia, Hampshire, Leamington Spa, Manchester, Taunton, Tunbridge Wells, York, Scotland, Wales, Jersey, and Guernsey.

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