Brooks Macdonald has promoted Andrew Shepherd to be deputy chief executive, a newly-created role “to broaden the senior management team”.
Shepherd, who joined the wealth manager in 2002, was an executive director of the group and joint managing director of Brooks Macdonald Asset Management with Nick Holmes.
After Sheperd’s appointment, effective from today, Holmes will be the sole managing director of the asset management division.
Brooks Macdonald chief executive Chris Macdonald says Shepherd’s appointment will give him more time to focus on “delivering the group’s growth ambitions”.
“I am looking forward to working alongside Andrew in his new role as deputy chief executive. He has been a core part of the group’s management team for the last seven years,” Macdonald adds.