Brewin Dolphin Holdings has sold the Brewin Corporate Advisory and Broking Division to new company N+1 Brewin, which was formed following the acquisition. The management team of the division has also moved to the new firm. Brewin Dolphin has retained an interest in the division and holds a 14% share.

Brewin Dolphin has restructured its Aberdeen office in line with with market requirements which has led to five redundancies. The staff headcount just two years ago was around 40, the number now nearer 25. The companies annual turnover is £248.4m.

London based Tawa plc, the quoted insurance service provider and run-off investor, has acquired Whittington Insurance Markets Limited, the London-market operations of Whittington Group. Gilles Erulin is Chief Executive of Tawa Plc.

Northampton-based Barwood Development Securities has set up a £15m fund to focus on promoting unallocated land through the planning process for residential development. The property developer and investor, which is a joint venture between Barwood and Development Securities, has launched the fund with a client of Aberdeen Asset Management. Several sites have already been secured into the fund, which is actively seeking further opportunities throughout the UK.