Previously, Algeo was the chief operating officer, and was responsible for business support, information communication and technology and his new role will also encompass investment management.

Algeo had joined Brewin Dolphin in February 2005 to launch the private client stockbroker’s Belfast office and was appointed regional managing director for Scotland and Northern Ireland in October 2007.

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He became a board member in October 2007 and joined the board of directors in July 2010.

Algeo had started his career in 1974 at London broking firm Simon Coates and later joined Josias Cunningham, where he started out as partner before becoming managing director in 2002.

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