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.