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Brewin Dolphin Q1 Income Rises; Robin Beer To Succeed David Nicol As CEO

Brewin Dolphin Holdings Plc (BRW.L) announced a trading update for the first quarter ended 31 December 2019. Total quarterly income was 89.6 million pounds compared to 77.7 million pounds, prior year, an increase of 15.3%, including 4.0 million pounds as a result of recent acquisitions.

Total funds increased by 7.8% to 48.5 billion pounds including acquired funds from Investec Capital & Investments (Ireland). Excluding acquired funds, total funds increased by 1.8%.

Brewin Dolphin also announced that David Nicol, Chief Executive, has decided to retire. He will step down on 14 June 2020. The Board announced the appointment of Robin Beer as new Chief Executive. Robin is currently responsible for Brewin Dolphin's intermediaries, charity, professional services and digital businesses.

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