Brooks Macdonald posts 'improving flows' for int'l arm amid record underlying profits

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Andrew Shepherd (pictured), took over as CEO of Brooks Macdonald in July 2021.
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Andrew Shepherd (pictured), took over as CEO of Brooks Macdonald in July 2021.

Brooks Macdonald has posted record underlying profits of £34.5m for the 12 months to June, while there were "improving flows and solid commercial performance" in its international operations "despite difficult market conditions". The UK headquartered wealth management firm, with a presence in the crown dependencies, reported that the new Isle of Man office was progressing well and expected to be a source of growth, particularly through the Group's referral agreement with Lloyds Bank. "...