Chris Macdonald is stepping down from his role as chief executive at the wealth management firm he gave his name to, Brooks Macdonald, as the group reveals it has poached Caroline Connellan from HSBC's UK wealth business to become group CEO next year.
Subject to regulatory approvals, Macdonald will become deputy chairman of the group with effect from April 2017 when Connellan joins as CEO. He will continue to serve as an adviser to the firm and support continued development and growth, with the view to taking on the role of chairman in the future. Connellan was head of UK premier and wealth at HSBC, where she led the transformation of the UK wealth business, said Brooks Macdonald. She has more than 20 years experience in financial services including being a fund manager at Newton Investment Management. She was also group strategy d...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
