Park replaces Spencer as Brooks Macdonald CIO

Spencer remains at firm as senior adviser

Brooks Macdonald has promoted Edward Park to the role of chief investment officer to replace Richard Spencer, co-founder of the firm, who will continue to serve clients as senior adviser to the investment committee.

Park will take up his new role on 1 October, a promotion from the role of deputy CIO, which he has held since 2018. He has been at the firm since 2009, when he joined as a graduate trainee. The group said Park had been working closely with Spencer for six years as part of a succession planning strategy. Commenting on his appointment, Park said: "I am thrilled to be given this opportunity and to move to the next step of my career. I am proud of the investment process that we have built at Brooks Macdonald, its success in weathering the volatility this year, and our strong investment pe...