British wealth manager Brewin Dolphin has closed the integration of the wealth management business of Investec Ireland after its purchase in 2019.
The €44m ($47.4m) deal was announced in May last year. At that time, Investec Ireland managed €2.9bn in client funds.
Brewin Dolphin Ireland is now the third-largest wealth management business in the republic with €4.4bn in funds under management at the end of March 2020.
It has offices in Dublin and Cork.
Brewin Dolphin group CEO David Nicol said: “I have every confidence that the newly integrated business is poised to go from strength to strength in the coming months and years.”
Investec wealth business head in Ireland Eddie Clarke has now taken charge of Brewin Dolphin Ireland as the CEO.
Clarke replaces Matt Minch who was at the helm for the last five years.
Clarke stated: “As one of Ireland’s leading wealth managers, I look forward to continuing to support our clients in achieving their ambitions through expert, personalised financial planning and investment management advice.
“This holistic approach is more important than ever as we navigate the turbulent times ahead. However, I am confident that we have the right team to provide the sensible advice required during these unprecedented times.”
A discretionary wealth management firm, Brewin Dolphin reported £41.4bn in total funds as of 31 March 2020.
The firm has 33 offices across the UK, Ireland and Jersey. It serves individuals, charities and corporates.
