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Brooks Macdonald names new Chairman

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AIM-listed investment management group Brooks Macdonald Group has appointed Alan Thomas Carruthers as Chairman, with effect from 14 March 2019. He will succeed Christopher Knight, who will be retiring as Chairman on that date.

Colin Harris, the Senior Independent Director who led the process to appoint a successor to Knight, said: “The Group Board set strict criteria for choosing a new Chairman, demanding a careful selection process giving due consideration to a range of factors. We are therefore delighted that Alan Carruthers has accepted our invitation to join the Board and become Chairman in March. Alan has deep expertise in financial services with over 25 years’ experience in both executive and non-executive director roles. He has been Chairman of Numis Corporation plc since March 2017.”
 
“On behalf of the Board I would like to place on record our thanks to Chris Knight for the contribution he has made to the development of Brooks Macdonald over his 17 years on the Board and 14 years as Chairman.  He led the company through its initial public offering in 2005, guided it through a period of rapid growth and, more recently, oversaw the CEO transition from co-founder Chris Macdonald to the current CEO, Caroline Connellan. I know Chris will be pleased to be leaving Brooks Macdonald in a strong position for the future.”
 
Alan Carruthers, the incoming Chairman of the Group, says: “It is an honour to succeed Chris Knight, whose 17 years of service to Brooks Macdonald have seen the Group transformed. He leaves a firm well-positioned in its market, with exceptional adviser and client relationships driving a track record of market-leading levels of growth. I look forward to working with my new Board colleagues and the executive team led by Caroline Connellan, and I am confident that we can continue the Group’s successful growth.”

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