Brooks Macdonald, the investment management group with over £11 billion in funds under management for clients in the UK and internationally, has been awarded a Gold Standard for its services for the seventh consecutive year by a leading investment publication.
The Gold Standard Awards, organised by Investment Week, have been supporting higher standards in UK financial, retirement, wealth and investment services for the past fifteen years.
Firms assessed to meet certain criteria spanning business conduct, standards of service, governance and social responsibility, are awarded the Gold Standard, with winners being acknowledged at a ceremony at the House of Commons on 15th November. Brooks Macdonald was recognised in the Discretionary Fund Management category, an accolade it has won every year since 2012, whilst it was also recognised for its portfolio management services in 2011.
Brooks Macdonald is one of the largest independent investment managers in the Channel Islands, with its international division in Guernsey and Jersey being responsible for spearheading the firm’s international strategy.
Earlier this year, the firm’s Channel Islands subsidiary reported 13% growth in the value of discretionary funds it manages, with its funds under management (FUM) standing at £1.53bn at the end of the financial year (30 June 2017). In addition, following the firm’s first international strategic alliance last year with Dubai-based Abacus Financial Consultants, Brooks Macdonald announced a new partnership in October this year with Generali Worldwide to offer its discretionary fund management services.
Commenting on the recognition, Darren Zaman, CEO, International, Brooks Macdonald, said:
“Being awarded this Gold Standard is clearly very good for Brooks Macdonald as a Group, and our international division here in Guernsey and Jersey is very much part of that story. Not only have we seen our discretionary funds business here exceed £1.5bn for the first time, we’ve also strengthened our reach into key markets in the Middle East and Africa and bolstered our relationships with international advisers through our Adviser Solutions team. All this positions us strongly as we look to continue our international growth trajectory in 2018.”