Brooks MacDonald taps Numis head to take over as chairman
Investment manager Brooks MacDonald named Alan Caruthers as its new chairman on Friday.
Caruthers, who has headed up Numis Securities' board since March 2017, will take over from long-standing chair Chris Knight upon his retirement on 14 March.
Senior independent director Colin Harris, who led the process to find Knight's successor, said: "The group board set strict criteria for choosing a new chairman, demanding a careful selection process giving due consideration to a range of factors.
"We are therefore delighted that Alan Carruthers has accepted our invitation to join the board and become chairman in March. Alan has deep expertise in financial services with over 25 years' experience in both executive and non-executive director roles."
Carruthers himself, added: "It is an honour to succeed Chris Knight, whose 17 years of service to Brooks Macdonald have seen the group transformed.
"He leaves a firm well-positioned in its market, with exceptional adviser and client relationships driving a track record of market-leading levels of growth."
As of 1300 GMT, Brooks MacDonald shares had picked up 0.88% to 1,715p.