Maarten Slendebroek has been appointed as chairman at Brooks Macdonald, subject to regulatory approval.
The 62-year-old has most recently been chair director at art investment firm Mintus and before that was CEO at Jupiter, where he worked for seven years.
He has also been chair of the supervisory board of Robeco since August 2020.
He will take the reins from Richard Price, who has completed a nine-year term and intends to step down
Slendebroek said: “I am delighted to be joining Brooks Macdonald at a pivotal point in its history, well-positioned in its market with exceptional adviser and client relationships supporting its ambitious growth strategy.”
Robert Burgess, the senior independent director who led the “rigorous” selection process to appoint a successor to Price, called Slendebroek an “outstanding candidate”.
He added: “On behalf of the board I would like to thank Richard Price for the contribution he has made to the development of Brooks Macdonald. He has been chair of the audit committee, senior independent director and, most recently, acting chairman.
“He has been a valuable counsel to the group CEO throughout that time and will be missed. Richard leaves the group in a strong position for the future and in good hands.”
At the end of October, a number of job cuts were proposed at the firm, which could result in the loss of 55 roles.
The changes are thought to result in an annual staff cost reduction of around £4mn, which Brooks Macdonald said aligns with the group’s “long-standing” focus on cost discipline.
tara.o’connor@ft.com
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