People Moves

Brown Shipley Names New Private Banking Head

Stephen Little, Reporter, London, 20 January 2014

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The UK-based bank Brown Shipley, which saw its parent KBL European Banks acquired by Qatari-based Precision Capital in 2012, has appointed Hugh Titcomb as its new head of private banking and made a number of changes to its board.

The UK-based bank Brown Shipley, which saw its parent KBL European Banks acquired by Qatari-based Precision Capital in 2012, has appointed Hugh Titcomb as its new head of private banking and also made a number of changes to its board.

Titcomb will be based at the firm's London office and replaces Julian Hardiman, who stepped down from his role in December.

Titcomb has over 28 years of experience and has held a number of senior executive roles including vice chairman and group chief executive at Sanlam Private Investments UK, group CEO of the Ansbacher Banking Group and managing director positions at Bank of New York and Flemings/JP Morgan.

In addition, Brown Shipley has appointed chief financial officer Andrew Curran to the board of directors and Jim Willens re-joins as a non-executive director.

Brown Shipley said that it had also made a number of changes to its board following a review of corporate governance.

Robert Kitchen and Bob Smoker will step down from the board of directors with their management roles at Brown Shipley remaining unchanged.

In a further management change, recently appointed chief risk officer, Mike Hudson, will take reporting responsibility for the firm’s compliance function.

Brown Shipley’s parent company, KBL European Private Bankers, was bought by Luxembourg-based Precision Capital at the start of August 2012 for €1 billion ($1.3 billion). KBL European Private Bankers is a European network of local private banking businesses, of which Brown Shipley is the UK arm.

In other recent news, last month Peter Stiles, head of the bank’s Manchester office, stepped down. He remains at the bank to focus on managing private client portfolios.

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