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Brewin Dolphin Secures Replacement For Retiring Finance Director

Max Skjönsberg

31 May 2012

Brewin Dolphin, the UK-based wealth manager, has appointed Andrew Westenberger as group finance director from 1 January 2013, when the incumbent retires.

Robin Bayford will step down at the start of next year after more than two decades at Brewin. He joined the firm’s board in 1990 and took up full time employment as finance director the following year. Before that, he was a manager at Ernst & Young and group financial controller at AGB Research.

His replacement, Westenberger, was finance director at Evolution Group between 2009 and August last year. He was also a director of Evolution's former wealth management subsidiary Williams de Broe, which is now owned by Investec. From 2000 to 2008, he worked for Barclays Capital in various finance roles in London and New York.

Earlier this week, Brewin Dolphin reported its financial results for the six months to 31 March and said it increased total managed funds to £25.7 billion ($40.1 billion) from £24 billion during the six-month period. The group’s pre-tax profit rose 3.3 per cent to £12.3 million compared with a year earlier.

The firm also recently announced the closure of its Dumfries office in Scotland and the transfer of divisional director Gordon McKerrow and investment manager Stuart Wood to its Penrith branch. Brewin Dolphin has 42 offices, including one opened in Ipswich a week ago.