Brooks Macdonald chair Alan Carruthers has resigned from his role after a period of ill health.
In a statement, the wealth manager confirmed Carruthers has stood down with immediate effect, with senior independent director Richard Price assuming the role of acting chair.
Price said: “We are all deeply sorry that Alan is leaving Brooks Macdonald in these circumstances and we wish him a full and speedy recovery. Under Alan’s chairmanship the group has built real momentum towards our ambitious growth plans and I am confident those plans will continue to be executed successfully by Andrew Shepherd and his management team.”
Carruthers was appointed to the role in 2019, while he was also Numis Securities chair from 2017 until 2022.
With over 30 years industry experience, he has also held senior roles at Goldman Sachs, Morgan Stanley, Cazenove and JP Morgan.