Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Brewin sues Charles Stanley in High Court poaching row

by James Phillipps on Mar 06, 2014 at 10:52

Brewin is claiming damages for loss of profit on any client monies that follow the team over to Charles Stanley, as well as damages from the defendants for breach of contract.

The Leicester office manages over £800 million and Brewin said if half of this amount moved to Charles Stanley, it would lose more than £2 million a year in revenue.

The writ also calls for ‘exemplary damages’ that would ensure Charles Stanley does not profit from hiring the team.

‘Charles Stanley can confirm that a High Court claim has been issued against it by Brewin Dolphin Limited relating to the recruitment of a number of individuals who joined Charles Stanley to establish its Leicester office. The claim will be vigorously resisted,’ the company said in a statement.

Stephen Ford, head of investment management at Brewin, said: ‘We will act to protect our business and our clients’ interests, which are paramount and where we have been advised that contractual obligations have been broken. We are not prepared to make any further comment while the matter is subject to court proceedings.’ 

Sign in / register to view full article on one page

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the shares

  • Brewin Dolphin Holdings PLC (BRW.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Charles Stanley Group PLC (CAY.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.


A brave new world for wealth management

on Aug 01, 2014 at 10:58

Sorry, this link is not
quite ready yet