Ian Sackfield, the CEO of British wealth manager Brown Shipley, is stepping down after eight years in the role.

However, he will remain at the firm assuming the new role of client director with a focus on advising clients.

“Having been chief executive for over eight years, I have decided that now is the right time to hand the baton over for someone else to continue taking the business forward,” Sackfield said.

Sackfield joined Brown Shipley since 1987 and was appointed as the CEO in January 2009.

The firm is currently on the search for Sackfield’s successor. Sackfield will continue in the current role till a replacement is found. 

Brown Shipley chairman David Rough said: "Ian has done a tremendous job at leading the business for over eight years as chief executive and has played a pivotal role in making Brown Shipley the successful UK-wide full service wealth manager that it is today.

"I am delighted that he will also stay on with the business as a client director. The board and I look forward to appointing a successor in due course and building upon the strong foundations Ian has put in place."