People Moves

UK Private Bank Unveils New Managing Director

Wendy Spires, Associate Editor, 16 January 2009

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UK private bankBrown Shipley has named Ian Sackfield as its new managing director, having replaced Stephen Blaney who has become the bank’s non-executive chairman.

In addition to his new role, Mr Sackfield continues as managing director of Brown Shipley’s collective funds subsidiary, KBL Investment Funds (which trades under the name Solus).

Having joined Brown Shipley in 1987, Mr Sackfield was appointed a director in September 2001 and became head of private banking in January 2008.

Headquartered in London, Brown Shipley has offices in Manchester, Leeds, Edinburgh and Birmingham.  Its services for high net worth clients include investment and fund management, self administered pension schemes, estate planning and banking services.

Brown Shipley’s parent company is European private banking group KBL (Kredietbank Luxembourg), which has a network of private banks operating under separate names in Belgium, Ireland, France, Italy, Monaco, the Netherlands, Germany, Spain and Switzerland.

KBL is in turn part of the Belgium-based KBC Group. 

In December KBC said it will impose a recruitment freeze on its domestic business, having said earlier in 2008 that it had already decided to cut cost budgets by 5 per cent.  “Due to the developments of recent months and the deteriorating economic situation, KBC is currently looking at a number of additional cost-savings and measures to be implemented for 2009,” the group said.

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