Brooks Macdonald Asset Management  

Brooks Macdonald looks to SPW for double hire

Brooks Macdonald looks to SPW for double hire

Brooks Macdonald has hired Natalie Tysoe as an investment director in the Edinburgh office, alongside Jennifer Christian who will be a business development manager for the North West region.

Both Tysoe and Christian join from Schroders Personal Wealth where they were investment specialists.

Prior to that, Tysoe developed her investment expertise at Lloyds Banking Group, Abrdn and Brewin Dolphin.

At Brooks she will focus on building adviser relationships, managing investment portfolios and helping drive growth.

Prior to SPW Christian worked at Wealth at Work, Quilter Cheviot and Deutsche Bank.

She will be responsible for developing new business relationships with professional intermediaries and supporting the investment management team in driving growth across the North West.

Robin Eggar, managing director of Brooks Macdonald, said: “Jennifer and Natalie bring a wealth and diversity of expertise to Brooks Macdonald, and reflect the momentum behind our ambitions to best serve clients and intermediaries across the UK.

"Their considerable experience within financial services will be invaluable as we continue to grow and develop our regional offering.”

The appointments come at a time of growth for the firm, which last month opened an office in Cheltenham, just as it relocated its Taunton office to Exeter.

The Cheltenham office, which opened on July 12, is the thirteenth in Brooks Macdonald’s network across the UK and Channel Islands. 

The office will be headed up by Austen Speakman who joined Brooks Macdonald in 2009 and is responsible for managing bespoke discretionary portfolios on behalf of a range of clients.

In April the firm posted net flow gains of 0.3 per cent across its UK business in the three months to March, in what it hailed as the "best quarter of the financial year to date".

Brooks' managed portfolio service was credited for the majority of the inflows, having posted a 7.1 per cent gain.

Funds saw outflows of 3.4 per cent driven predominantly by the Defensive Capital Fund, although the firm said outflows were lower than in the previous two quarters.

In October Brooks had reported £261m net outflows as investors withdrew cash from all of its services except its international proposition.

This followed a rocky financial year to June in which investors pulled £774m of cash from both its discretionary and funds arms.

sally.hickey@ft.com