UK Private Bank Appoints New Senior Director

Ian Allison

27 April 2006

Brown Shipley, the private bank, has appointed Ian Sackfield as managing director of its £320 million ($571 million) collective funds subsidiary KBL Investment Funds, which trades under the name Solus. Mr Sackfield also takes up the role of chairman of Brown Shipley's investment policy committee, thereby filling the two positions previously held by Tony Hurley, Brown Shipley's head of private banking. Mr Hurley will now concentrate on wider group strategic issues, the bank said in a statement. These appointments are in addition to Mr Sackfield’s position as head of investment management at the company. Mr Sackfield joined stockbroker and investment manager Henry Cooke, which was subsequently acquired by Brown Shipley, in 1987. He was appointed a director of Brown Shipley in September 2001. Brown Shipley's Solus range consists of six funds: UK Flagship; UK Special Situations; Sterling Bond; MultiManager Growth; MultiManager International and MultiManager Balanced. The Solus funds team includes Brown Shipley's chairman David Rough, and investment consultant Paul Harwood, previously managing director of Merrill Lynch Asset Management.