Brewin Dolphin has boosted its financial planning and charities teams with four senior hires, including John Fletcher, former head of financial planning at SG Hambros, and Barclays Wealth’s ex-head of charities Anthony Behrens.
Fletcher joins as a director in Brewin’s financial planning division alongside Nicholas Burt, formerly of Rathbones.
The national wealth manager has also rung in the New Year with the hire of two senior executives to its charity team. Philip Payne joins as a divisional director from Barclays Wealth alongside Behrens, where both specialised in the management of charity portfolios.
David McCorkell (pictured), head of investment management at Brewin, said: ‘Their arrival signifies our plans for growth and the development of these two important areas of the business. They each bring a wealth of knowledge and experience that will complement our charity and financial planning services.’
Fletcher was formerly head of SG Hambros’ financial planning for UK regions, while Burt has had stints at Pannone and Deloitte, prior to joining Rathbones.
The hires follow Brewin’s announcement in December that profit before tax had dropped 27% to £21.9 million over the year to end of September, while discretionary funds under management rose to £15.6 billion at the end of the period versus £14 billion in 2010. The firm is also aiming to boost its operating margin to over 20%, to achieve maximum returns for shareholders, as part of a three-year plan.
The wealth manager has been particularly active on the recruitment front recently, taking on six managers from UBS last year, three from Ashcourt Rowan, including director David Hanrahan, a number from Barclays Wealth, while Newton’s charity head Ruth Murphy also joined in March of 2011.