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January 29, 2020

Brooks Macdonald names sole head of UK investment management arm

British wealth manager Brooks Macdonald has appointed Robin Eggar as the sole head of its UK investment management business, with immediate effect.

Until now, Eggar shared the role with John Wallace who will depart from the firm. Eggar has been working at the firm for around two decades.

Wallace, who had a 15-year stint at Brooks Macdonald, will now work at an IFA headquartered in Hampshire.

Meanwhile, Alick Mackay has been named as the director of strategy and corporate development. He joins immediately in the new role.

For the past couple of years, Mackay has been working as a strategy consultant to support CEO Caroline Connellan.

Commenting on the reshuffle, Connellan said: “We know that investing in our talent will support the high-performance culture that is so critical to our growth ambitions.

“This, and our focus on delivering for clients and advisers, will ensure we build on our strong momentum over recent years as we move into our next phase of growth.”

In February 2019, the wealth management firm appointed Alan Thomas Carruthers as its new chairman. Carruthers succeeded Christopher Knight.

A month later, the firm named Andrew Shepherd as the CEO of its Channel Islands-based International business, replacing Darren Zaman.

Earlier last year, the firm announced its decision to cut 50 jobs to drive future growth. The decision is said to primarily affect administration and IT functions.

At the end of December 2019, Brooks Macdonald had £13.1bn in discretionary funds under management.

It serves HNWIs, pension funds, institutions and trusts through 13 branches across the UK and the Channel Islands.

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