Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Brooks Macdonald investment director leaves after seven years

Brooks Macdonald investment director leaves after seven years

Investment director Paul Goubran has left Brooks Macdonald after seven and a half years with the firm.

Based in Brooks’ London office, Goubran joined the firm in 2010 from Irish wealth firm Davy Private Clients, where he was an analyst in its Dublin office.

At Brooks he managed bespoke discretionary portfolios, and also sat on its alternatives and international equity fund research teams.

Goubran’s areas of expertise include long/short equity hedge funds, which he incorporated into traditional retail portfolios as the price of these strategies across the industry has continued to fall.

Brooks Macdonald confirmed Goubran has left the business.

The firm has previously outlined expansion plans for its London base after relocating its headquarters in 2015 to the capital’s West End.

In its half-year results published this week, the firm reported that its statutory profits were nearly wiped out, falling from £8.1 million to £600,000, after it upped money set aside for potential future liabilities arising from its 2012 acquisition of Spearpoint Capital by £5.5 million. It has now held back £12 million against potential claims.

The company said discretionary funds rose by 25.8% to £11.7 billion in the second half of 2017.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Tim Steer: fund managers will have to get 'stuck in'

Tim Steer: fund managers will have to get 'stuck in'

The second part of our film with former Artemis and New Star fund manager Tim Steer looks at how his profession has evolved over the past two decades.

2 Comments Play Tim Steer: how to spot a stock disaster coming

Tim Steer: how to spot a stock disaster coming

The former Citywire AAA-rated fund manager has written a book on 22 stock disasters and how forensic examination of annual reports could have spotted them coming.

Play CEO tapes: the gap between best and worst alternatives is stark

CEO tapes: the gap between best and worst alternatives is stark

In the final part of our series we take a look at the rise of illiquid investing and whether it really serves in clients best interests.

Read More
Your Business: Cover Star Club

Profile: why the world of wealth is fracturing

Profile: why the world of wealth is fracturing

The problem with wealth management, according to Robert Paul, London & Capital’s youngest ever partner, is that it is very antiquated.

Wealth Manager on Twitter