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Andy Macfie has stepped down as managing director after 14 years to become chairman. Long-serving executives John Berthinussen and Calum Cusiter have been appointed co-managing directors. Sir Brian said: “When Andy and I launched Souter Investments in 2006 our vision was to create a professional but entrepreneurial family investment office, building a diversified investment portfolio that would generate healthy returns over the long-term, be resilient to economic downturns and fund charitable donations. Andy has been critical to us achieving these objectives.” Mr Macfie said: Calum and John have worked for me at Souter Investments for the last 12 years and thoroughly deserve their promotion.