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April 1, 2019

Brooks Macdonald International names new CEO

Brooks Macdonald Group has named Andrew Shepherd as the CEO of its Channel Islands-based International business.

Shepherd replaces Darren Zaman, who has been at the helm for five years.

Shepherd has spent 17 years at Brooks Macdonald. He will now operate out of Jersey.

He has been working as the deputy CEO of the group, a role he will retain.

He also held the role of managing director for UK distribution.

This role will be handed over to co-head of UK investment management John Wallace.

Shepherd will now serve as chairman of the boards of the two legal entities within International.

At the same time, he resigned as a member of the group board to focus on the International business.

Meanwhile, Richard Hughes has been named deputy CEO of International.

Along with the new responsibility, Hughes will retain his existing role as head of business development.

The management changes are pending regulatory nod.

Brooks Macdonald CEO Caroline Connellan said: “Andrew’s depth of experience and expertise, alongside his people leadership and commitment to client service, will be central to our efforts to revitalise the business so that it contributes strongly to the Group’s future success.”

Connellan calls the International business an important part of the firm’s future growth strategy.

The latest management changes come shortly after Brooks Macdonald Group’s appointment of Alan Thomas Carruthers as its new chairman.

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