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Brewin’s regulation head Barry Howard departs
by Danielle Levy on Sep 06, 2013 at 11:01
Brewin Dolphin’s head of regulation and risk Barry Howard has left the company after 10 years.
The company highlighted Howard’s contribution and his oversight of important regulatory changes over the past decade, including the firm’s implementation of the retail distribution review (RDR).
The board has appointed compliance and risk consultant David Young as an interim replacement. The reasons for Howard’s departure are not known.
David Nicol, chief executive of Brewin Dolphin, said: ‘I would like to thank Barry Howard for his hard work and commitment to Brewin Dolphin and to wish him well for the future.’
In March, Howard stepped down from the board alongside former group managing director Henry Algeo, director Ben Speke, and Sarah Soar, formerly responsible for business development.
According to Howard’s Linkedin page, he joined Brewin Dolphin as group compliance officer in 2002 and later became head of regulation. Prior to this, he was head of compliance at StockAcademy.
Brewin Dolphin posted a 14% rise in total income to £73.3 million over the second quarter, powered by a 20% increase in upfront commission to £23.8 million and a 31% rise in fees to £40 million.
Over the period, total assets under management at the group fell 2.1% to £27.5 billion.
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on Dec 10, 2013 at 12:57