The wealth planning and investment management firm Brown Shipley has acquired a new team for its London office.
This follows the acquisition by KBL European Private Bankers (KBL epb), Brown Shipley’s parent company, of Insinger de Beaufort (IdB), a private bank headquartered in the Netherlands. As part of the deal, the former London branch of IdB has now been acquired and integrated into Brown Shipley’s London office.
It will add 27 employees, including nine relationship managers, to Brown Shipley’s London office, as well as £1.5bn of AUM. This takes Brown Shipley’s total AUM to £7.5bn.
Brown Shipley CEO Ian Sackfield 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’s expertise and experience looking after the wealth of international clients will further broaden both our proposition and opportunities.”