Brewin Dolphin, one of the UK’s largest independent private client investment managers, has expanded its Swansea office.
The Swansea Vale-based office has recruited Andrew Morgan as Assistant Director and Cherie Davies as Office Manager. While Divisional Director Richard Kelly is promoted to Head of Office, taking over from Richard Croydon who is now Regional Director for the South West.
Mr Morgan has 11 years industry experience having worked at the Bank of Tokyo-Mitsubishi and most recently BlackRock. During his career Andrew has managed portfolios on behalf of large institutional clients, specialising in pan-European and emerging markets.
Cherie Davies joins Brewin Dolphin in the newly created role of Office Manager to help Richard Kelly with the day-to-day running of the Swansea office. A graduate of Swansea University, Ms Davies from Llanelli has worked within the financial industry for the past four years for Natwest Bank.
Since the Swansea office was opened in October 2007 by Richard Croydon and Richard Kelly, the team has grown to nine members of staff with £680m funds under management in Wales.
The new head of the Swansea office, Richard Kelly says of the growth: “We are in a fortunate position where we have witnessed significant growth, despite the current financial climate. There is a lot of wealth in west Wales and we are committed to providing a truly independent and tailored service to private investors, charities and pension fund holders to create and preserve their wealth. As we continue to grow, Andrew’s experience and expertise will undoubtedly assist our clients, while Cherie will be instrumental to managing the day-to-day operations of our growing office.”
On his appointment, Mr Morgan commented: “Having worked in the City for the past 11 years, it is great to be back in Wales. Brewin Dolphin has an impressive heritage and stature so it’s great to be part of its growing team here in Swansea. Having grown up in the area, I look forward to making a new base here, re-establishing contacts, building new ones and ultimately growing the firm’s investment portfolios.”
On the future of the Swansea office, Mr Kelly continued: “Given the continued growth in funds under management and the opportunities presented to us by the arrival of the Retail Distribution Review on 1st January next year I expect to recruit further staff over the coming 12 months. Ideally I would like to be able to recruit these locally and offer positive career opportunities within the Investment Management Industry for individuals with an interest in the subject. There is no longer the necessity to have to train in London and Brewin Dolphin has a concise training structure that provides this.”
Brewin Dolphin is one of the UK’s largest independent private client investment managers. The group has 41 offices across the UK and Channel Islands offering a wide range of financial services and has over £25bn funds under management.