Brooks Macdonald has promoted Ewan Millar to head of alternative investment markets, replacing Scott Lothian from 1 March.
Millar (pictured) joined Brooks Macdonald’s Aim team in February last year following its acquisition of Cornelian Asset Managers. Since then he has worked closely with Lothian.
Lothian is leaving the wealth manager after 11 years “to pursue new opportunities” but will remain with the team until May 2021 to ensure a smooth handover.
Brooks Macdonald agreed to acquire Cornelian Asset Managers in November 2019, in a deal worth £39m. A number of Cornelian’s senior team joined Brooks Macdonald‘s set-up following the acquisition, including Hector Kilpatrick and Marcus Brooks, who both joined as senior investment directors.
Brooks Macdonald also said it is looking to hire another investment director for the Aim team, “reflecting the importance of the Aim service as a core part of the group’s market leading offering for clients and advisers”.
Millar said: “I’m delighted to be leading our Aim service and am excited to be taking the team forward to the next phase of growth. There is an increased interest in this growing and vibrant market and my focus will be on maintaining and enhancing the unrivalled expertise and insight we provide as part of our Aim service.”
Brooks Macdonald chief investment officer Edward Park said: “Since joining our Aim team, following the completion of the Cornelian acquisition, Ewan has made a significant impact and I’m very pleased that he is stepping up into this role.”
Brooks Macdonald has made a number of internal promotions over the last year, including Park to chief investment officer and Ben Palmer to head of responsible investment, both of whom joined the company as graduate trainees.
