David Smith joins the company from Brewin Dolphin, where he was divisional director.
Brooks Macdonald said the appointment will “enhance the depth of experience and investment expertise” in its Guernsey office.
Smith has over 25 years’ experience in the financial services industry, and has also held positions at International Asset Monitor, and Bachmann Asset Management.
On his appointment, Smith said: “Brooks Macdonald is at a very exciting stage of its development in Guernsey, and internationally, and I look forward to contributing to its continued growth and success.”
In October, BMI announced that its advisory funds under management had jumped by nearly £5m over the previous quarter.
Discretionary funds under management throughout the whole group totalled £6.6bn, up 2% on £6.5bn in the previous quarter, and markedly higher than the Wealth Management Association balanced index increase of 0.72% for the period.
