An investment chief at a London-headquartered private bank and wealth manager will now take on wider research responsibilities.
Brown Shipley's chief investment officer, Kevin Doran, is taking on the role of group head of research and strategy at the bank's parent company, KBL European Private Bankers.
In the newly-created role, which Doran will assume at the end of March, he will spearhead investment research across the group. KBL European Private Bankers, which is headquartered in Luxembourg, operates in 50 cities in Europe.
Doran will hand over the management of the Sterling Bond Fund to the fund's current deputy manager, Matt Brennan, whom he has worked with on the fund since May 2014.
“Not only is this a tremendous move for Kevin, thanks to the greater coordination and access to research from across the group, Brown Shipley’s clients will benefit from an even greater pool of resource and investment expertise,” said Ian Sackfield, chief executive of Brown Shipley.
“Moreover, the group-wide research platform gives Brown Shipley the potential to deliver a genuinely unique offer in the UK marketplace.”
Brown Shipley will soon hold a review of its investment policy committee, with a new structure in place prior to Doran's departure from the role. The firm, which was founded in 1810, has client offices in London, Manchester, Birmingham, Leeds, Edinburgh and Nottingham.