Brewin Dolphin Holdings has appointed former Morgan Stanley boss David Nicol as Chief Executive Officer after Jamie Matheson resigns as Executive Chairman.

Matheson, who is stepping down after eight years, will work with Nicol and the management team to ensure a smooth transition to the new leadership.

The outgoing executive said he felt it was time to hand over the reins after leading the company through a significant period of growth.

"I am proud of what we have achieved and believe that the company is well structured to build on its enviable position," he said.

Nicol added: "Our success under Jamie's leadership has been built on meeting the individual needs of our diverse range of clients with high quality investment advice. As we continue with the implementation of our strategic review, our unstinting focus on the highest levels of customer service will continue to be the hallmark of all we do."

Chief Operating Officer Henry Algeo and Directors Ben Speke and Sarah Soar are also leaving.

Stephen Ford will become Executive Director and Simon Miller will become Non-Executive Chairman.

The company is restructuring its board after Matheson launched a strategic review in 2011 in an effort to improve margins.

RD

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