KBL European Private Bankers, Brown Shipley’s parent, acquired Insinger de Beaufort (IDB), a private bank headquartered in the Netherlands.
The acquisition will add 27 employees, including nine relationship managers, to Brown Shipley’s London office, in addition to £1.5bn of Assets Under Management (AUM). This will increase Brown Shipley’s AUM to £7.5bn.
Brown Shipley also recently acquired The Roberts Partnership, a Manchester-based Financial Planning and wealth management company. The Roberts Partnership has seven advisers and £450m FUM.
Ian Sackfield, chief executive at Brown Shipley, said: “I am delighted to announce the acquisition and integration of this successful team which will further develop Brown Shipley’s capabilities in London, an area of significant strategic importance to the overall business.
“The team‚expertise and experience looking after the wealth of international clients will further broaden both our proposition and opportunities.”
Brown Shipley recently hired Andrew Butler-Cassar as head of London office, a newly created role. He will start his new role on 8 January 2018.
In his new role, Mr Butler-Cassar will focus on the leadership of the London-based client relationship teams, including business development. He will report to Guy Healey and join Brown Shipley’s front office leadership team.