The group has also announced the retirement of Angela Knight, who will step down as senior independent director after the annual general meeting on 3 February 2017, having been appointed non-executive director in 2007.
She will continue her association with Brewin Dolphin in capacity of chairman of Tilman Brewin Dolphin, the subsidiary in the Republic of Ireland.
Kath Cates, non-executive director since 2014, will replace her as senior independent director.
Nicol added: “The near-term market outlook is clearly marked by the heightened sense of political and economic uncertainty, both in the UK and elsewhere. Nonetheless, I believe our business, which is financially strong and willing to innovate and adopt new approaches alongside our traditional values, is well placed to withstand any near term downturns whilst remaining focused on implementing our growth plans. In doing this we are confident of capturing future long-term growth opportunities.”