Brooks Macdonald co-founder to step down after 28 years

Jon Gumpel leaving in March 2020

Anna Fedorova
Jon Gumpel to step down

Jon Gumpel to step down

Co-founder of Brooks Macdonald Jon Gumpel has decided to step down as fund manager of the Defensive Capital fund and will leave the firm in March 2020, having spent 28 years with the business.

Niall O'Connor, who has been deputy manager on the £663m fund for three years, will take over as lead manager of the vehicle. Gumpel was a founding director of Brooks Macdonald in 1991; he launched the Defensive Capital fund in March 2010 and has managed it since. Gumpel said: "With both the company and the fund in very good shape, after 28 years at Brooks Macdonald, now is the right time to step back from the business, and I'm pleased to leave the fund in Niall's capable hands. "I've enjoyed working with Niall over the last three years and am sure he will continue the success stor...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Industry

Partner insight: Out of the wilderness

Partner insight: Out of the wilderness

Solving the problem of inertia in cash gives opportunities to both advisers and their clients, say Flagstone's Claire Jones and Grovewood Wealth Management's Lynne Gadsden.

Lynne Gadsden @ Flagstone
clock 11 August 2022 • 1 min read
SIF 2022: How to invest in biodiversity

SIF 2022: How to invest in biodiversity

Biodiversity panel

clock 04 August 2022 • 6 min read
Chris Hutchinson of Unicorn Asset Management

The Big Interview: What I learned after being dropped from Hargreaves Lansdown's Wealth Shortlist

'I’ve no interest in falling out with people'

clock 04 August 2022 • 6 min read