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Brown Shipley to Open in Edinburgh, Poaches From Tilney

Tom Burroughes

3 July 2008

UK private bank Brown Shipley said it has recruited Edinburgh-based Graham Auld from rival Deutsche Tilney and also announced it will open a new client office in the Scottish city’s centre.

Mr Auld will be joined by Victoria Drysdale, who also comes from Deutsche Tilney, Brown Shipley said in a statement.

The team take up their new posts as soon as respective notice periods have expired.  Mr Auld is appointed private client director, reporting to John Williams, Brown Shipley’s private client divisional director and Ms Drysdale will become private client manager.

Brown Shipley said it plans to grow the Edinburgh office over the next 18 months. The office will provide high net worth clients with discretionary managed investment portfolios, banking services, pensions, financial planning and fund management.

The development is further evidence of how private banks have expanded regional offices in the UK or opened new offices to tap into what is seen as rising numbers of high net worth individuals across the country.

“Graham and Victoria will be a valuable addition for Brown Shipley.  We have a very clear growth strategy going forward including investing in new client offices where appropriate,” Mr Williams said.

Edinburgh is clearly an influential and exciting financial centre and it is logical for us, as a private bank, to have an office in the city and this will become an important location for us.  With the new team, we have a highly experienced foundation from which to develop our presence – Graham in particular is extremely well known and connected in the city’s financial circles.”

Brown Shipley also has client offices in London, Manchester and Leeds - and in April this year announced it was opening a new office in Birmingham. Its parent company is KBL European Private Bankers which, operating from Luxembourg, heads a European network of private bankers. KBL European Private Bankers is part of the Belgium-based KBC Group.