Brooks Macdonald has announced deputy chief executive Andrew Shepherd now also will head the investment manager's Channel Islands-based international business as part of a development plan for the unit.
He replaces Darren Zaman, who has decided to leave the Channel Islands-based business after five years in charge. Shepherd will become chief executive of Brooks Macdonald International (BMI) from 1 April and will be based in Jersey full time. He has been at the firm for 17 years and will also chair the boards of the two legal entities within International.
Departing CEO Zaman joined the firm in 2014 as part of the acquisition of DPZ Capital, which he founded in 2007 and which was absorbed by Brooks Macdonald International.
As a result of the new position, Shepherd will step down as a member of the group board from 1 April. He will remain group deputy chief executive and will pass on his distribution responsibilities to co-head of UK investment management John Wallace.
Richard Hughes has been appointed deputy CEO of BMI. He will combine the role with his current responsibilities as head of business development.
"International is an important part of our group and our future growth strategy. Andrew's depth of experience and expertise, alongside his people leadership and commitment to client service, will be central to our efforts to revitalise the business so that it contributes strongly to the group's future success," said group chief executive Caroline Connellan.