CEO’s review
Investing in our people
Employee wellbeing remains at the forefront of our agenda, particularly during times of change. We continue to support our people through various initiatives, including enhanced employee assistance programmes, mental health support, and professional development opportunities. Our goal is to foster an environment where every employee can thrive, both personally and professionally. I would like to thank the clients and intermediaries we work with, and our people for their ongoing support. It has been a privilege to serve as CEO, and I am confident that the Group is in excellent hands moving forward. The Strategic report in its entirety has been approved by the Board of Directors and is signed on its behalf by:
Our commitment to a strong people agenda has been unwavering, and our client-centric culture continues to be one of our most valuable assets. This year, we have deepened our investment in our people, bringing in talented new hires and enhancing our team’s capabilities. We have made significant strides in our people strategy by advancing management training programmes, expanding professional development opportunities, and refining our performance management approach. These efforts are complemented by regular employee feedback, which we use to continuously improve our processes and ensure they align with the needs of our people. Leadership transitions are a critical moment in any organisation, and in June 2024, I announced my resignation alongside the Board’s decision to appoint Andrea Montague as our new CEO, effective 1 October 2024, subject to regulatory approval. As Chief Financial Officer since August 2023, Andrea has been a vital member of our leadership team. Her drive to redefine our strategy to reignite growth puts Brooks Macdonald in excellent hands and in a strong position for the future. This financial year, we also undertook necessary organisational changes to ensure the Group’s long-term competitiveness. These changes, which included a reduction in roles by approximately 10%, were difficult but necessary to align our resources with our strategic objectives. The resulting cost savings of approximately £4 million per annum have strengthened our commercial position and enhanced our ability to compete effectively in the market.
Andrew Shepherd CEO
11 September 2024
12 Brooks Macdonald Group plc Annual Report and Accounts 2024
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