Lorraine Reddaway appointed as business development manager for Europe

Wealth manager RBC Brewin Dolphin (Ireland) is now offering its discretionary investment management service via financial advisers in the European Union. The new intermediary proposition will provide investment management to British expatriates (expats) that need an EU domiciled investment manager. Post Brexit, UK advisers are not allowed to advise EU residents, which has left many clients without ongoing financial advice. RBC Brewin Dolphin's Irish business has been providing expert investment management services for over 20 years and successfully manages €4bn1 of clients' money.

To support the new proposition, the company has appointed Lorraine Reddaway as business development manager for Europe. She brings over 30 years' experience of working with intermediaries internationally, and has helped intermediary platforms, investment groups and life insurance companies to develop their adviser propositions. She holds a certificate in investment management.

Lorraine's role at RBC Brewin Dolphin will be to develop the new intermediary proposition and continue to build relationships with adviser firms in the EU.

Ian Kloss, head of nationals, networks and international distribution at wealth manager RBC Brewin Dolphin, said: "RBC Brewin Dolphin's Ireland business is an important part of the company's structure for delivering an EU compliant proposition to European clients. Brexit rules around passporting caused considerable confusion for advisory firms that work with British expats across the EU. We hope with this new offering we can provide them with a tangible, seamless solution for their clients' investment needs."

Lorraine Reddaway, business development manager for Europe at RBC Brewin Dolphin, said: "There are expatriate clients without advisers, and advisers who have been left without a great discretionary investment management offering that is suitable for British expats, so I'm really excited to be able to help meet the demand from advisers and their clients alike."

1 As of 30 April 2023

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

NOTES TO EDITOR

About RBC Brewin Dolphin
RBC Brewin Dolphin is one of the UK and Ireland's leading wealth managers and traces its origins back to 1762. With £51.7* billion in assets under management, we offer award-winning, personalised wealth management services from bespoke, discretionary investment management to retirement planning and tax-efficient investing.

Our qualified investment managers and financial planners are based in 33 offices across the UK, Jersey and Republic of Ireland. They are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients' needs at the core.

As part of Royal Bank of Canada (RBC), we are now able to draw on the strength of a global financial institution to continue to improve the service we provide to our clients and drive further innovation across our business.

*as at 30th June 2022.

Disclaimers

Brewin Dolphin Wealth Management Limited trading as RBC Brewin Dolphin is regulated by the Central Bank of Ireland. For UK clients only: RBC Brewin Dolphin is authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Financial Services Contracts Regime, which allows EEA-based firms to operate in the UK for a limited period to carry on activities which are necessary for the performance of pre-existing contracts, are available on the Financial Conduct Authority's website. Registered office: Number One Ballsbridge, Building 1, Shelbourne Road, Dublin 4, D04 FP65. Registered in Dublin, Ireland No. 235126

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Disclaimer

Brewin Dolphin Holdings plc published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 15:54:57 UTC.