Brewin Dolphin has seen the departure of the chief of its Glasgow office, Alec Lyell, who has retired after nearly two decades at the UK-listed private client investment manager.

Stephen Martin, who has been with the company for just over a year as a divisional director, has been appointed as his replacement.

Before joining Brewin Dolphin, Martin ran the Glasgow investment office of RBS-owned private bank Adam & Co, a position he held for ten years. He has also worked for Clydesdale Bank, Greig Middleton and Speirs & Jeffrey.

The announcement comes hot on the heels of last week’s two investment appointments in Bristol, when Jonathan Godfrey and Charles Caton joined from Barclays’ wealth division and Rathbones, respectively.

The Brewin Dolphin Group manages £24 billion ($38 billion) in client assets, £15.6 billion of which is run on a discretionary basis.