Brooks Macdonald International has appointed Richard Hughes (pictured) as its new CEO, subject to regulatory approval.
Richard will replace current CEO Andrew Shepherd, who is returning to London to become Group CEO in July. Andrew in turn succeeds Caroline Connellan, who is leaving the business to become CEO of Personal Wealth at Standard Life Aberdeen.
Richard was appointed Deputy CEO of International in April 2019, having joined in 2013 as Head of Business Development.
He has played a central role in growing the International business, including its acquisition of Lloyds’ international wealth management and funds business in 2020.
Richard has 20 years’ experience in financial services, the past 12 in the wealth management sector across Jersey, Guernsey and London. This included almost five years with BNP Paribas Securities Services and more than two as a Director for Vistra.
Based in Jersey, Richard sits on the committee of the newly formed Channel Islands Wealth Management Association. He is also Chairman of Cancer Research UK Jersey.