Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Brewin's Brighton office head exits with five others post-Reigate merger

1 Comment
Brewin's Brighton office head exits with five others post-Reigate merger

Brewin Dolphin’s Brighton branch head has left the firm alongside five colleagues, following the merger of the office with Reigate.

Office head David Pegler (pictured), divisional director Francis Jarman and investment manager Ewen Emerson have all left as a result of the merger and there were six departures from the office in total.

Seven staff from the Brighton team remain at the firm. They are Charles Lloyd, Luke Evans, Leslie Moulding and Michael Phillips, plus three support staff. All have joined the Reigate branch, bringing the combined team’s headcount up to 27. Meanwhile, trainee investment manager Alasdair Wilson has joined Brewin’s London office.

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. 

Jarman and Emerson had worked alongside Pegler at UBS and came on board to help launch the office.

Richard Arris leads the enlarged Reigate office, which initially opened in 1990 and was the first Brewin branch to be opened outside London.

The launch of the Brighton arm came during an expansionary phase under former chief executive Jamie Matheson. Four years after the office launched, Pegler noted in a blog for the Brighton & Hove Chamber of Commerce that Brighton was one of Brewin Dolphin’s fastest growing offices, albeit from a relatively low base.

Commenting on the office merger, 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.’

Under new chief executive David Nicol there has been a move to reduce the company’s sprawling regional network, which has resulted in the closure of a number of branches. 

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 up shop in Lymington, , StokeInverness and  over the last year and has opened a consolidated office in Bournemouth after merging two local offices.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Play Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Sophie Earnshaw talks through what Xi Jinping's 'new era' means for investors. and why Chinese tech offers some of best growth stocks in the world.

Read More
Your Business: Cover Star Club

Profile: JM Finn on why the future is with financial planners

Profile: JM Finn on why the future is with financial planners

There is a lot of work on pension consolidation and Sipps have been a big driver there, says JM Finn chief executive

Wealth Manager on Twitter