Brooks Macdonald has announced changes to its organisational structure, combining its distribution and investment teams.

The wealth management firm said that bringing together its distribution and investment management functions would support the continued delivery of its strategy.

The combination will create a single integrated team focused on client service, business development, and investment performance.

Brooks Macdonald asserted that the new structure would enable closer collaboration across the organisation, allowing the firm to work more effectively and efficiently to serve its clients, broaden its client reach, and maximise its investment expertise and performance.

Due to the changes in organisational structure, the wealth manager is making changes to its senior leadership team.

Brooks Macdonald group director of distribution, Neil Cowell, will lead the new team, bringing nearly 30 years of industry experience to the role across both distribution and investments.

Meanwhile, chief commercial officer, Robin Eggar, will step down from his position and leave the company, while co-chief investment officer, Richard Larner, has decided to retire.

"Delivering excellent client service and expanding and deepening client reach are key to our strategy to reignite growth,” said Brooks Macdonald chief executive officer, Andrea Montague.

“Bringing together distribution and investment management creates a more integrated and connected team that is well positioned to execute our strategy and give our clients the best possible Brooks Macdonald service.

“Neil is a proven leader who understands our clients’ needs and will help drive this next phase of growth. Since joining Brooks Macdonald last year, he has helped strengthen our engagement with advisers and sharpen our focus on how we serve clients.

“I want to thank Robin and Richard for their significant contributions to Brooks Macdonald, and I wish them well for the future."

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