Marking the start of a new chapter for Duncan & Toplis, Damon Brain has stepped into the inaugural position of chief executive officer of the group, which includes one of the largest accountancy and business advisers in the East Midlands. Brain has succeeded Adrian Reynolds, who has stepped down after serving as managing director for the past 12 years.

As CEO, Brain – a 27-year veteran of the company – will oversee an ambitious strategy for organisational growth, with a focus on expanding the company’s capabilities and market presence across the wider Midlands region. He will also work to instill the company’s purpose, vision and values across the organisation, underpinning long-held principles of doing right by its people, its clients, and its communities.

Brain started at Duncan & Toplis as a trainee, becoming a partner in 2004. Over the course of his career, he has advised thousands of businesses across the Midlands and beyond on a range of critical business issues, including expansion, financing and strategic transactions. He has also played an active role on the company’s management and operations boards.

Late last year, Duncan & Toplis announced that it had secured investment to support the group’s ambitious growth strategy, which aims to expand across the Midlands through new offices, offering a wider range of services and doubling the size of its 500-strong team, alongside key strategic acquisitions.

In addition to Brain’s new role as CEO, a number of other existing senior leaders have been elevated to a newly created C-level executive leadership team, each of whom will lead key business functions going forward. These include Heidi Thompson as chief people officer, Caroline Cleary as chief marketing officer, Nicholas Smith as chief operating officer, and Kayleigh Williams as chief finance and technology officer.

Commenting on his appointment, Brain said: “Stepping into this newly created role is both an important milestone for Duncan & Toplis, and an exciting opportunity to lead the group toward a truly ambitious future. My sincerest thanks to Adrian Reynolds, whose influence on and contributions to the business over many years cannot be understated, guiding it to become the modern organisation we see today and laying the foundations for what we are poised to achieve as we move forward.

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“The evolution of our approach to leadership, with a new structure designed to support a faster growth trajectory, will underpin the achievement of our ambitious vision. Quality remains at the core of our offering however, and there are few other advisors which can match our deep understanding of, and relationships within, the Midlands business community. The next chapter for Duncan & Toplis will be focused relentlessly on matching the changing needs of our clients with our own evolving capabilities and reach.”