British wealth manager Brewin Dolphin has closed the integration of the wealth management business of Investec Ireland after its purchase in 2019.

The €44m ($47.4m) deal was announced in May last year. At that time, Investec Ireland managed €2.9bn in client funds.

Brewin Dolphin Ireland is now the third-largest wealth management business in the republic with €4.4bn in funds under management at the end of March 2020.

It has offices in Dublin and Cork.

Brewin Dolphin group CEO David Nicol said: “I have every confidence that the newly integrated business is poised to go from strength to strength in the coming months and years.”

Investec wealth business head in Ireland Eddie Clarke has now taken charge of Brewin Dolphin Ireland as the CEO.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Clarke replaces Matt Minch who was at the helm for the last five years.

Clarke stated: “As one of Ireland’s leading wealth managers, I look forward to continuing to support our clients in achieving their ambitions through expert, personalised financial planning and investment management advice.

“This holistic approach is more important than ever as we navigate the turbulent times ahead. However, I am confident that we have the right team to provide the sensible advice required during these unprecedented times.”

A discretionary wealth management firm, Brewin Dolphin reported £41.4bn in total funds as of 31 March 2020.

The firm has 33 offices across the UK, Ireland and Jersey. It serves individuals, charities and corporates.