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Brewin Dolphin hit by senior departures

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Brewin Dolphin has been hit by several senior departures which comes while the company cuts jobs as a part of a restructure.

In March, Jamie Matheson stood down as the private-client fund management firm’s executive chairman and chief executive after eight years with the business. He was replaced by former Morgan Stanley banker David Nicol as CEO and Simon Miller as chairman.

Sarah Soar, Henry Algeo and Ben Speke, who all stepped down from Brewin’s board last month, have now left the business. Soar was formerly responsible for business development, Algeo was a former group managing director and Speke was a director.

The firm could not confirm the reasons for the departures.

In addition, Brewin’s divisional director on its RDR team Angela Teodorescu and Newcastle-based investment manager Vinay Bedi have resigned.

Brewin has recently made a number of redundancies as part of a restructuring programme, although it would not confirm how many cuts have been carried out. The cuts have mainly fallen on the group’s compliance, marketing and human resources departments.

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