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Brewin appoints new chairman and chief exec in board reshuffle

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Brewin Dolphin has appointed Simon Miller as its new non-executive chairman and David Nicol as chief executive officer in a reshuffle of its board.

Miller joined the Brewin Dolphin board in October 2005 and has been deputy chairman since February 2012.

Nicol will replace executive chairman Jamie Matheson who is stepping down from the board after eight years in the role. Nicol joined the board as a non-executive director in March 2012, prior to which he worked for Morgan Stanley in both operations and finance roles. Nicol and Matheson will work together to ensure as smooth transition of the role.

Other changes at board level see Stephen Ford appointed as executive director. He will be responsible for investment management at the wealth manager and will report to Nicol.

Henry Algeo, Ben Speke and Sarah Soar have all stepped down from the board as part of the changes. Barry Howard has also stepped down from the board but will continue to head up the regulatory and risk functions, reporting to Nicol.

Matheson says: “Having led Brewin Dolphin through a significant period of growth and steered the business through the changes brought about by the Retail Distribution Review, I believe it is time to hand over the reins.

“I am proud of what we have achieved and believe that the company is well structured to build on its enviable position. I have enjoyed my many years at Brewin Dolphin and while the decision to step down is never easy, the time is right for me and the business.”

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