M and A

UK Private Bank Changes Ownership

Wendy Spires, Group Deputy Editor, London, 1 August 2012

articleimage

Under the terms of the deal, KBL European Private Bankers will retain the same name, management team and operational structures. It currently has a core Tier 1 ratio of 16.5 per cent, a 21.1 per cent loan-to-deposit ratio and a cash surplus of some €3 billion.

In other recent developments at Brown Shipley, May saw the private bank appoint former Royal Bank of Scotland UK chief executive Alan Dickinson as its new chairman, succeeding Stephen Blaney.

Dickinson, who retired from RBS in 2010, was CEO of the group’s UK division from 2008 to 2009, a role in which he ran the RBS and Natwest branch networks, the mortgage and credit card businesses and the UK corporate bank. Before this he was CEO of UK corporate banking.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes