Brooks Macdonald International CEO Richard Hughes has left the role, with Mark O’Connor stepping into the newly-created role of managing director for the Channel Islands and the Isle of Man.
Hughes began with Brooks Macdonald in 2013 and became chief executive officer of International in 2021, taking over for Andrew Shepherd when he became Group CEO. His new role will be at JTC Group.
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O’Connor, who will assume his managing director role immediately, has been at Brooks Macdonald for the past 10 years, last as head of international investment management. The company said it will be shifting its focus to its two distribution channels including direct to private clients and via financial advisers, rather than by geography.
“The actions we are taking will support the business in delivering excellent adviser and client service and make us easier to do business with,” Shepherd said.
“I am very pleased to announce Mark’s appointment to the new managing director position. With his extensive wealth management expertise and knowledge, I am confident he will successfully drive forward our ambitious growth strategy and ensure our clients receive the outcomes they deserve. I would like to thank Richard for his contribution as International CEO and wish him all the best in his new role at our fund administration partner, JTC.”
O’Connor added: ““I am delighted to take on this new role as we continue to drive growth across the Channel Islands and Isle of Man.
“My ambition is to build on our success, working with the team to deliver strong business performance, driven by a relentless commitment to delivering exceptional value to clients.”
The departure follows the CIO Edward Park‘s earlier this month, who had worked at Brooks Macdonald since 2009. In October, the company announced it would cut 55 roles.
