Jamie Matheson resigns from Brewin Dolphin

Jamie Matheson has stepped down as executive chairman of Brewin Dolphin after eight years in the role and will be replaced by David Nicol, who  joined the board from Morgan Stanley last year.

The company said that Matheson had substantially achieved the goals laid out in a strategic review in 2011 and was stepping down to devote more time to other business and charitable interests.

Chair Simon Miller said: ‘On behalf of all our employees and shareholders I want to thank Jamie for his dedication to Brewin Dolphin over the years. 

‘His contribution has been immense and his strong leadership has built Brewin Dolphin into one of the UK's leading private client wealth managers, based on a total focus on client service which is core to how we will continue to develop the business.’

Nicol was director of Morgan Stanley International from 2004 to 2010, and worked at the company for 26 years in a range of roles. He is additionally a board member of the Chartered Institute of Securities.  

‘Our success under Jamie's leadership has been built on meeting the individual needs of our diverse range of clients with high quality investment advice,’ said Nicol. 

‘As we continue with the implementation of our strategic review, our unstinting focus on the highest levels of customer service will continue to be the hallmark of all we do.’

The change in leadership was the most significant in a series of changes to the senior management of Brewin Dolphin.

Deputy chair Simon Miller has been appointed non-executive chair, while joint head of the London office Stephen Ford will become executive director for investment management.

Henry Algeo, Ben Speke and Sarah Soar have stepped down from the board. The changes were revealed in a market update that said the company remained on course to meet market expectation.