Brooks Macdonald head of responsible investment to leave

A week after the firm reveals its CFO and COO are set to leave

Ben Palmer is to leave Brooks Macdonald in March, after more than a decade at the investment manager, to pursue new opportunities.

He joined the company as a graduate trainee in 2011, rising to become head of responsible investment (RIS) in August 2020. No details were provided about where he is expected to land.

The company said: “He leaves our RIS proposition in a position of strength with a team of experts with deep experience well positioned to continue to evolve our offer to meet growing client demand. We would like to thank Ben and wish him the very best with his future endeavours.”

Palmer’s departure comes after it was confirmed last week that chief financial officer Ben Thorpe and chief operating officer Lynsey Cross are to leave in the coming months.

A Brooks Macdonald spokesperson confirmed to Portfolio Adviser that the departures are unrelated.

Earlier this month, the firm’s latest set of financial results revealed a 4.5% uptick in funds under management to £16.2bn in the three months to 31 December 2022. FUM, however, remains 6.4% below the £17.3bn Brooks Macdonald had on its books at the end of 2021.

This article first appeared on ESG Clarity sister title Portfolio Adviser.