British wealth manager Brooks Macdonald has appointed Ewan Millar as the new head of alternative investment markets (AIM).
Millar will take on the new responsibility next month, succeeding Scott Lothian who will depart from the firm after an 11-year stint.
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Lothian will remain with the business until May this year to facilitate the transition process. He aims to pursue new opportunities upon his exit.
Millar moved to Brooks Macdonald following the firm’s takeover of Edinburgh-based wealth manager Cornelian Asset Managers Group in February last year.
Brooks Macdonald CIO Edward Park said: “Since joining our Aim team, following the completion of the Cornelian acquisition, Ewan has made a significant impact and I’m very pleased that he is stepping up into this role.”
Millar served as a senior investment manager at Cornelian.
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By GlobalDataBrooks Macdonald also plans to hire another investment director, reflecting the significance of the AIM service.
Millar noted: “I am delighted to be leading our AIM service and am excited to be taking the team forward to the next phase of growth.
“There is an increased interest in this growing and vibrant market and my focus will be on maintaining and enhancing the unrivalled expertise and insight we provide as part of our AIM service.”
Developments at Brooks Macdonald
With the acquisition of Cornelian, Brooks Macdonald made several other management changes as well.
These include the additions of Cornelian CIO Hector Kilpatrick and Cornelian director of Private Clients & Charities Marcus Brooks.
Kilpatrick became the senior investment director of the group CIO team at Brooks Macdonald, while Brooks became its senior investment director.
Last year, Brooks Macdonald promoted Edward Park to the role of CIO to replace co-founder Richard Spencer.
In 2020, the firm also launched its Responsible Investment Service and named Ben Palmer as the head of that service.
