Brewin Dolphin : appoints new Chief Operating Officer

08 May 2017

Brewin Dolphin, one of the UK's leading independently-owned wealth managers, has appointed Grant Parkinson as Chief Operating Officer. Parkinson, 44, joins Brewin Dolphin from Coutts, the private bank, where he will have spent five years. He will take up the position in August, joining Brewin's executive committee and reporting directly to David Nicol, CEO.

'We are extremely pleased to be hiring a person of Grant's calibre to this vitally important position,' said Nicol. 'He has outstanding and relevant commercial experience at both Coutts and before that at Barclays Wealth. He joins at a crucial moment in Brewin's development where the firm is on a clear growth trajectory, and it is more important than ever to have a seasoned executive in this role.'

New Zealand-born, Parkinson worked for a total of ten years at McKinsey and Company and Barclays Wealth before joining Coutts as Executive Director in July 2012. In June 2013, he was promoted to the role of Chief Operating Officer. Whilst COO at Coutts, Parkinson was also Chairman of RBS Asset Management Holdings and a board member of RBS Services (Switzerland).

'I am absolutely delighted to be joining the team at Brewin Dolphin,' said Parkinson. 'In a competitive market, the firm has developed a unique value proposition that focuses on delivering financial advice and investment solutions to individuals and families in a highly personalised way. The recent growth of the firm's assets under management, together with the growth in profits and dividends, shows that Brewin is delivering for both clients and shareholders.'

The appointment is the result of a thorough search and selection process following the departure of Thomas Lack earlier this year. In this role, Parkinson will oversee the company's operations departments including Business Support, Change Delivery, Dealing, Information Technology, Premises and Facilities Management. His experience will also be invaluable in the event of any future acquisitions. In December last year, Brewin Dolphin announced the acquisition of Duncan Lawrie Asset Management Limited.

In November 2016, Brewin Dolphin announced that total funds under management grew to £35.4 billion in the year to 30 September 2016, an increase of 10.6 per cent over the previous financial year. Preliminary results for the first six months of the current financial year will be announced on 17 May 2017.

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The opinions expressed are not necessarily those of Brewin Dolphin Ltd.

PRESS INFORMATION
For further information, please contact:
Richard Janes richard.janes@brewin.co.uk Tel. +44 (0) 20 3201 3343
Payal Nair payal.nair@brewin.co.uk Tel: +44 (0) 20 3201 3342

About Brewin Dolphin
Brewin Dolphin is one of the UK's leading independently-owned providers of discretionary wealth management. With £35.4* billion in funds under management, we offer award-winning personalised wealth management services that meet the varied needs of over 100,000 account holders, including individuals, charities and pension funds.

We give clients security and wellbeing by helping them to protect and grow their wealth, in order to enrich their lives by achieving their goals and aspirations. Our services range from bespoke, discretionary investment management to retirement planning and tax-efficient investing. Our focus on discretionary investment management has led to significant growth in client funds and we now manage £28.9* billion on a discretionary basis.

In line with the premium we place on personal relationships, we've built a network of 29 offices across the UK, Channel Islands and Ireland, staffed by qualified investment managers and financial planners. We are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients' needs at the core.

We are proud of our success and have the vision and ambition to grow into the UK's leading provider of discretionary wealth management. We were awarded a 5 star Defaqto 2016 rating for DFM Managed Portfolio, the City of London Wealth Management Awards for Best Discretionary Service Award 2015 and the Portfolio Adviser Gold Award for Best Cautious Portfolio Manager 2015 - Large Firm. We are committed to building on our strong track record and delivering continued value to both our clients and shareholders.

*as of 30 September 2016.