People Moves
Brooks Macdonald Names Co-Chief Investment Officers
The UK firm has decided to split the CIO role among two of its senior investment figures following the departure of the current chief investment officer.
UK wealth manager Brooks Macdonald,
with £17.6 billion ($22.3 billion) in funds under management, has
elevated two of its senior figures to the stance of co-chief
investment officers.
The co-CIOs are Richard Larner, head of research, and Michael
Toolan, senior portfolio director, the firm said in a
statement.
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Michael Toolan
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Richard Larner
The duo are taking over from Edward Park, whom they have
been working closely as part of the firm’s long-term succession
planning. They will report to chief executive, Andrew
Shepherd.
Additionally, Philip Glaze will become chair of Brooks
Macdonald’s investment committee. Formerly the chief investment
officer of HSBC Global Asset Management, Glaze is already an
external member of the Brooks Macdonald committee.
