Bringing you live news and features since 2006 

Brooks Macdonald to move to new London office


Brooks Macdonald has signed an agreement to lease a new London office at 21 Lombard Street. The lease is for six years with relocation to the new premises in the second half of the Group’s financial year ending June 2020 (FY20). 

The Group’s two current London offices at Welbeck Street in the West End and Bevis Marks in the City will consolidate into the new central location.
Caroline Connellan, chief executive of Brooks Macdonald, says “Bringing our London-based teams together at 21 Lombard Street is an important step in delivering our growth ambitions. It will allow us to provide an improved experience for clients and advisers, and a better environment for our people – supporting employee engagement, collaboration and wellbeing. This move is a significant milestone for our business and it is pleasing that we have been able to do this at a lower operating cost than today.”
The move will deliver cost efficiencies and these will be invested back into the business to elevate the client experience and drive delivery of value enhancing growth. For the period of the fit out, the Group will incur additional costs of circa GBP1.2 million from running multiple sites, and the intention is to exclude this from underlying profit in FY20. Exit costs will not be material, since the current office leases expire in March 2020.
The registered office of the Group will remain at its current Welbeck Street address until relocation.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by