Brooks Macdonald international arm suffers outflows

Caroline Connellan, CEO of Brooks Macdonald

Sam Shaw
12 September 2019

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Brooks Macdonald has reported net outflows from its international arm in the year to 30 June 2019, despite positive performance, as a result of losing a client-facing team in summer 2018.

Funds under management (FUM) in the wealth management group's international division shrank by 5.2% to £1.6bn despite strong performance of 4.4%, the group said. In April, Brooks promoted Andrew Shepherd...

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