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Brewin Dolphin shuts Brighton office

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Brewin Dolphin shuts Brighton office

Brewin Dolphin's Reigate office is to absorb the firm's Brighton unit in the latest stage of the national wealth manager's regional overhaul.

The consolidation of Brighton will be lead by division head Richard Arris.The closure of the Brighton hub comes six years after it launched under David Pegler (pictured), who joined the firm after a six-year spell with UBS Wealth Management and 12 years at Cazenove Capital. Reigate, meanwhile, opened in 1990 and was the first Brewin office to launch outside of London.

Commenting on the restructure, Brewin head of investment management Stephen Ford said: 'The decision to close our Brighton office was not taken lightly, only after a thorough review to ensure our clients receive the best possible service and I am confident that all our clients will be very well served from the new merged office in Reigate.

'We have built up some very important business in the five years since we opened the Brighton office in 2009 and we will continue to grow this highly valued business in and around Brighton and throughout the South East from this new Reigate hub.'

Arris added: 'I believe that all of our clients throughout the South East, will benefit from having a bolstered Reigate office with considerably increased resources and we look forward to welcoming clients and colleagues from Brighton.'

The launch of the Brighton arm came during a expansionary phase under former chief executive Jamie Matheson. However, there has since been a major shift in strategy under new chief executive David Nicol, who has overseen the closure of a number of branches in a restructure of the business.  

In August Brewin called time on its York operation after seven years, hot on the heels of branch closures in Chester and Truro in May.

Brewin has also shut shops in Lymington, Dorchester, StokeInverness and Teesside over the last year and has opened a consolidated office in Bournemouth after merging two local offices.  

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