Richard Hughes will become chief executive of Channel Islands-based Brooks Macdonald International.
He was appointed as deputy chief executive of Brooks Macdonald International in April 2019, after joining the firm in 2013 as head of business development.
Hughes will be based in Jersey, where he serves on the committee of the newly formed Channel Islands Wealth Management Association as well as chairman of Cancer Research UK Jersey.
His appointment follows the promotion of current international boss Andrew Shepherd who will take on the role of group chief executive from 1 July, after two years at the helm of the international business.
Shepherd will succeed Caroline Connellan who is going to leave the group, after four years in the top job, to become chief executive of Personal Wealth at Standard Life Aberdeen – soon to become Abrdn.
Brooks Macdonald’s next stage of growth
Shepherd said: “I am delighted to be appointed group chief executive of Brooks Macdonald, the firm which has been my home for almost 20 years. Under Caroline’s leadership, the business has gone from strength to strength and I am excited to take the firm forward on the next stage of its growth journey.
“At the same time, I know that in Richard I am handing the international business over to very capable hands and have every confidence in his ability to continue to build on the fantastic momentum to date.”
Hughes added: “I am proud to take on the role of chief executive International, leading our business in the Channel Islands. We have a great team in place and significant opportunities for growth both locally and in the international market.
“I am grateful for Andrew’s support over recent years and look forward to continuing to work closely as he takes up his new role.”
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