Investment management firm Brewin Dolphin has announced it is relocating after deciding to merge its York branch with its team in Leeds.
Following a review of client accounts, the company is closing its office in York and hopes that staff there will transfer to its new Leeds base.
Its current hub in the city is at 34 Lisbon Street but that will change in the autumn when the team will move into No 10 Wellington Place, the new five-storey office building constructed by MEPC in the heart of Leeds’ ‘New West End’. The building has a south facing glass façade with limestone detailing and offers car parking for clients.
Stephen Ford, director of Brewin Dolphin and head of investment management, said: “While we recognise this is a sad day for York, we are continually reviewing how we conduct business to ensure our clients receive the best possible service. I am confident that all our clients will be very well served from our new enlarged Leeds office and that we will continue to grow our important and highly valued business in Yorkshire from our new state of the art building.”
The merger will be led by Michael Craven, head of the firm in Leeds. It will result in 45 qualified investment managers and financial planners and their support staff being based in the new building.
The team is responsible for managing £1.5bn of client assets.