RBC Brewin Dolphin Executives Exit to Launch Private Wealth Business

A group of at least five former RBC Brewin Dolphin executives, including two former directors, have left the wealth manager to launch a new challenger business called Cauvery Wealth. The new company is registered to an office in the City of London. The group has joined Cauvery Wealth within the past several months, according to LinkedIn and filings from Companies House.

A group of at least five former RBC Brewin Dolphin executives, including two former directors, have left the wealth manager to launch a new challenger business called Cauvery Wealth. The new company is registered to an office in the City of London. The group has joined Cauvery Wealth within the past several months, according to LinkedIn and filings from Companies House [1].

Simon Blowey, who headed the high-end 1762 brand at RBC Brewin for 17 years, is the driving force behind Cauvery Wealth. He left the firm following a restructure and set up Cauvery Wealth last September. Blowey has attracted several of his former colleagues to join him in this venture.

Notable additions include Carla Morris, wealth director at RBC Brewin for 13 years, Emily Rowles-Nicholson, wealth adviser for 17 years, and Richard Wyatt, Birmingham divisional director for 12 years. They joined Cauvery in June [1]. Additionally, Karen Appleby and Michael Ring, both paraplanners with 13 and six years of experience at RBC Brewin, have also joined the new venture.

Thomas Lack, who served as Brewin's chief operating officer between 2014 and 2017, has taken on the roles of chief financial officer and chief operating officer at Cauvery Wealth. Ilayda Herrod, Blowey's executive assistant of six years, has been appointed business and operations manager. Will Barkes, the only non-Brewin alumnus, joins Cauvery as director of compliance from structured products firm Leonteq [1].

The new venture has received backing from Stephen Hanlon, a corporate and business tax adviser at Moore Kingston, who owns between 50-75% of Cauvery Wealth. Blowey owns the remainder [1].

RBC Brewin declined to comment on the departures, while Blowey could not be reached for comment.

References:
[1] https://citywire.com/wealth-manager/news/blowey-hires-ex-rbc-brewin-dolphin-colleagues-for-new-venture/a2470098