Brooks Macdonald, a leading wealth manager with £15.5 billion in funds under management, announces that Ewan Millar has been promoted to Head of Alternative Investment Markets (AIM) with effect from 1 March 2021. He will succeed Scott Lothian who is leaving the business, but remaining with the team until May 2021 to ensure a smooth handover.
Ewan was a Senior Investment Manager at Cornelian prior to the company being acquired by Brooks Macdonald in February 2020. He has a depth of experience in managing small cap equities over many years including co-managing a high-performance small cap equity fund. He joined the AIM team following the acquisition, and has played a critical role in managing the portfolios working closely alongside Scott in supporting the current investment strategy. Brooks Macdonald is also expanding the team further with an additional Investment Director, reflecting the importance of the AIM service as a core part of the Group’s market leading offering for clients and advisers.Ewan is the latest example of the Brooks Macdonald’s culture of nurturing talent and bringing high-performing individuals into leadership positions. In 2020 the Group announced the promotion of Edward Park to Chief Investment officer and Ben Palmer to Head of Responsible Investment both of whom joined the business as graduate trainees. Over the last 12 months, Brooks Macdonald has continued to invest in its client and adviser facing teams, including the recent appointments of Emma Stenzel, Tom Mulhall and Adam Benzimra into the London Distribution team.
Commenting on his appointment, Head of Alternative Investment Markets, Ewan 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.”
After 10 years with the Group, Scott Lothian has decided to step down at the end of May to pursue new opportunities. During his tenure, Scott has built a strong foundation for growth in AIM and Brooks Macdonald is grateful for his significant contribution to the business.
Commenting on the appointment, 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. Ewan has been instrumental in helping to navigate the recent challenging market environment with Brooks Macdonald’s AIM service achieving a positive return of almost 5% in 2020.
“I would also like to thank Scott for his work in setting strong foundations for the AIM service and his dedication to client service, and wish him well with his future plans.”
Brooks Macdonald recently announced record FUM of £15.5 billion (as at 31 December 2020). In October 2020, Brooks Macdonald announced a strategic partnership with SS&C Technologies, a global provider of software and technology services to the financial services industry.This partnership is the next step in delivering Brooks Macdonald’s vision as the leading investment manager for intermediaries, providing best-in-class adviser experience and client service through technology and innovation. The collaboration will provide a market-leading digital experience for Brooks Macdonald’s intermediaries and clients.