Brooks Macdonald Asset Management (BMAM) has expanded its presence with the launch of its regional office in Leamington Spa, Warwickshire.
The new office, set to open in two weeks, brings the group’s total number of offices up to 11 across the UK and the Channel Islands.
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The Warwickshire office will be headed by investment team director Mike Divers, who is relocating from London and manages £130 million in assets.
Divers will report to regional director Claire Bennison and work alongside Richard Harley, business development manager for the Midlands, and new recruit Sue Wilkinson, who will support the executive team.
The firm said the new office aims service its Midlands-based clients and hopefully attracts new business in the region. It also marks the completion of BMAM’s plans for regional expansion.
The firm said: "This really completes our footprint across the UK. We have got regional coverage now from south to north and east to west, which allows us to service our clients on a nationwide basis. It gives us a local footprint.
"If we have got relationships with professional intermediaries who are multi-sited, we want to service them locally. We have been working in the Midlands for some time and with a number of firms, so we are not starting cold," the firm added.
Divers said: "The new office is part of our expansion strategy, and filling the gap in the Midlands was part of the climbing. We wanted to bring our services to clients and IFAs in the region.
"The firm was unable to disclose specific growth targets for the new office but said he was ‘quietly confident’ that Brooks would do well in the region.
"The new office is an exciting step for both me and the business as it will allow us to give an even stronger, localised service to clients and introducing professional advisers in the area" Divers added.
