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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.

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