There are 27 employees including nine relationship managers moving to Brown Shipley's London office.
UK wealth planning firm Brown Shipley has
integrated the former London branch of Insinger de Beaufort, a
Netherlands-based private bank, into its operation. The move
comes after Brown Shipley's parent, KBL European Private Bankers,
bought IdB last year.
The acquisition adds 27 employees, including nine relationship managers, to Brown Shipley’s London office, as well as £1.5 billion ($2.01 billion) of assets under management. This takes Brown Shipley’s total AuM to £7.5 billion.
The deal is part of Brown Shipley’s strategy to strengthen its London presence by further increasing its overall capability and growing its client base through acquisition.
Most recently, Brown Shipley acquired The Roberts Partnership, a Manchester-based financial planning and wealth management company, and integrated the business in May this year.
“I am delighted to announce the acquisition and integration of this successful team which will further develop Brown Shipley’s capabilities in London, an area of significant strategic importance to the overall business,” said Ian Sackfield, chief executive at Brown Shipley. “The team’s expertise and experience looking after the wealth of international clients will further broaden both our proposition and opportunities.”
In November, this publication reported that Brown Shipley had appointed Alan Mathewson as chief executive, subject to regulatory approval. He is expected to start his new role by April 2018.