Matheson has resigned after eight years in the role, and is attributed with driving the business through a period of strong growth and steering it through the changes brought about by RDR.
Nicol joined the Brewin board as a non-executive director in March 2012, having worked for as a director at Morgan Stanley in both operations and finance roles. Before he leaves, Matheson will work alongside Nicol and the management team to ensure a smooth transition to the new leadership.
A board reshuffle has also seen the appointment of Stephen Ford as an executive director, responsible for investment management. Henry Algeo, group managing director, Ben Speke, director responsible for human resources, and Sarah Soar, business development director, have stepped down from the board.
Simon Miller, chairman of Brewin Dolphin, said: “On behalf of all our employees and shareholders I want to thank Jamie for his dedication to Brewin Dolphin over the years. His contribution has been immense and his strong leadership has built Brewin Dolphin into one of the UK’s leading private client wealth managers, based on a total focus on client service which is core to how we will continue to develop the business.
“Since Jamie’s appointment as executive chairman Brewin Dolphin shares have outperformed the FTSE All Share index and delivered a total return of 170%.”
The firm also said current trading remains in line with its last IMA announcement on 31 January.
