A new chief operating officer is named at the UK-listed wealth management house.

UK-listed wealth management house Brewin Dolphin, one of the UK’s leading independently-owned wealth managers, has appointed former Coutts senior figure Grant Parkinson as chief operating officer. He replaces Thomas Lack, who left earlier this year.

Parkinson joins Dolphin from Coutts, the private bank, where he will have spent five years. He will take up the post in August, reporting to David Nicol, chief executive, the firm said in a statement today.

New Zealand-born, Parkinson worked for a total of 10 years at McKinsey & Company and Barclays Wealth before joining Coutts as executive director in July 2012. In June 2013, he was promoted to the role of COO. Parkinson was also chairman of RBS Asset Management Holdings and a board member of RBS Services (Switzerland).

“He joins at a crucial moment in Brewin’s development where the firm is on a clear growth trajectory, and it is more important than ever to have a seasoned executive in this role,” Nicol said.

As at 30 September last year, total funds under management of Brewin Dolphin stood at £35.4 billion ($45.7 billion), an increase of 10.6 per cent over the previous financial year.

The firm announces interim results for the first six months of the financial year will on 17 May 2017. 

Earlier in April, Brewin Dolphin appointed Mark Miles as head of its St Helier office in Jersey.