Brooks Macdonald Group has appointed Maarten Slendebroek as its new chair and non-executive director, following the departure of current chair Richard Price.
Slendebroek, the CEO of Jupiter from 2014 to 2019, has over 35 years of experience in the industry beginning in 1987. In addition to his role at Brooks Macdonald, he is chair of the supervisory board at Robeco and a chair of Mintus, an art investment start-up in London, as well as a director for the Orchestra of the Age of Enlightenment trust.
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Senior independent director Robert Burgess said: “We have conducted a rigorous selection process for our new chairman, following the strict criteria laid down by the (Brooks Macdonald Group) board. Maarten Slendebroek was the outstanding candidate and we are extremely pleased he has agreed to become Chairman.”
Price leaves the position after nine years, beginning as non-executive director in 2014 and taking on acting chair in February this year. Before his time at Brooks Macdonald, Price spent 17 years at KPMG.
“On behalf of the board I would like to thank Richard Price for the contribution he has made to the development of Brooks Macdonald,” Burgess said.
“He has been chair of the audit committee, senior independent director and, most recently, acting chairman. He has been a valuable counsel to the (Brooks Macdonald Group) CEO throughout that time and will be missed. Richard leaves the (Brooks Macdonald Group) in a strong position for the future and in good hands.”
As of the end of September, Brooks Macdonald holds £16.9bn discretionary funds under management and operates from 14 offices. Brooks Macdonald also announced the cut of 55 roles in October.
“I am delighted to be joining Brooks Macdonald at a pivotal point in its history, well-positioned in its market with exceptional adviser and client relationships supporting its ambitious growth strategy. I look forward to working with my new board colleagues and the executive team led by Andrew Shepherd, and I am confident in the group’s continued success.”
