Brewin Dolphin Holdings Plc (BRW) named former Morgan Stanley (MS:US) executive David Nicol chief executive officer after Jamie Matheson s tepped down after eight years as executive chairman.
Simon Miller will become non-executive chairman and Stephen Ford will become executive director, responsible for fund investment management, the London-based stockbroker and money manager said in a statement today. Chief Operating Officer Henry Algeo and directors Ben Speke and Sarah Soar are also stepping down.
Matheson “will be working with David Nicol and the management team to ensure a smooth transition to the new leadership, while also being able to devote more time to his other business and charitable interests,” the company said.
The firm is overhauling the board after Matheson initiated a strategic review in 2011 aimed at widening the company’s margins.
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