People Moves

Brown Shipley Bolsters Investment Team With Senior Hire

Stephen Little, Reporter, London, 26 February 2014

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UK-based private bank Brown Shipley has appointed Peter Botham in the newly created role of head of IFA investment.

UK-based private bank Brown Shipley has appointed Peter Botham in the newly created role of head of IFA investment.

Kevin Doran will succeed Botham as CIO and assume responsibility for the investment policy committee and in-house fund management. Doran will also continue to manage the Brown Shipley Sterling Bond Fund, Brown Shipley said in a statement.

Botham will be responsible for creating the IFA offering and delivering it to market. He joined Brown Shipley in April 2008, following the acquisition of his investment boutique Bollin Asset Management. Botham has extensive investment experience and prior to establishing Bollin Asset Management was head of UK equities at Liverpool based Tilney Investment Management.

Brown Shipley recently 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.

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

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

Robert Kitchen and Bob Smoker stepped 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, took 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, in December, 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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