Former Brewin Dolphin chief executive David Nicol is preparing to become chairman of Multrees Investors Services, a specialist provider of reporting, investment administration and custody services for wealth managers.

Mr Nicol, who retired as chief executive of Brewin Dolphin in 2020, has been successfully nominated to the Multrees board as a non-executive director and pending regulatory approval, will be proposed as chairman.

This appointment would take effect 1 May 2021, when present chair Hugh Mullan will step down.

Mr Nicol was also recently proposed as a board member...