Brewin Dolphin, the UK-listed wealth management and investment house, has made a number of changes to its board. Jamie Matheson has stepped down from the board after eight years as executive chairman; deputy chairman, Simon Miller, has been appointed as non-executive chairman.

At the same time David Nicol, previously a non-executive director, has been appointed chief executive; Stephen Ford has been appointed an executive director, responsible for investment management and reporting to Nicol. As a result of these changes, Henry Algeo, Ben Speke and Sarah Soar have stepped down from the board. Each has agreed to remain available to “facilitate a smooth transition”. Barry Howard has also stepped down from the board, but continues to lead the regulatory and risk functions, reporting to Nicol.

Nicol has stepped down as chairman of the audit committee and the firm is now searching for an additional independent non-executive director with requisite financial experience. Once this position has been filled, half the Brewin Dolphin board, excluding the chairman, will comprise independent non-executive directors.

All board changes take place with immediate effect.