Brown Shipley Appoints a New CEO.

We are pleased to announce the appointment of Alan Mathewson as Chief Executive Officer, subject to regulatory approval. He is expected to start his new role by April 2018.

Mathewson, 47, will join from Santander UK, where he has worked for over three years as Managing Director of Wealth Management and Private Banking. In this role, he led Santander’s move into the UK private banking and wealth management market, including the launch of its digital investment channel.

Mathewson has held a number of other senior leadership positions during his 22 years at Santander, including CEO of Cater Allen Private Bank, CEO of Santander Insurance, CEO of Santander Cards and Managing Director of Santander's Retail Branch Network. He has over 30 years of financial services experience and started his career with Lloyds Banking Group.

Our current CEO, Ian Sackfield, announced in March that he had decided to step down once a replacement had been appointed and an orderly handover conducted with his successor. Sackfield will remain with the business providing advice on key client relationships as a Client Director.

Commenting on the appointment, David Rough, Chairman of Brown Shipley, said: “I am delighted that Alan is set to join Brown Shipley. He has significant leadership skills, together with both specific wealth management and broad financial services experience, including a successful track record of growing wealth management businesses as a CEO.

“As CEO of Santander’s wealth management and private banking business, Alan has significantly enhanced the client service propositions, particularly through leveraging technological advancements. I am confident that, given Alan’s mix of experience, drive and enthusiasm, he will build upon the impressive foundations Brown Shipley has as a UK-wide full-service wealth manager and that he will continue to drive the business forward.

“On behalf of the Board, I would also like to thank Ian for his significant contribution to Brown Shipley and its success during his time as CEO.He has led the business admirably, delivering significant growth in AuM and having successfully integrated recent acquisitions.I am extremely pleased Brown Shipley will continue to benefit from his wealth of experience in his role as Client Director once Alan takes over.”

Newly appointed CEO Mathewson said: I am thrilled to be joining Brown Shipley, a well-established and successful firm with ambitious growth plans. Its focus on providing a compelling wealth management proposition to its clients and placing the client at the heart of everything it does is something I aim to build upon. I very much look forward to starting the role and building upon Brown Shipley’s long history of success.”

^{Non-Independent Research}

^{The information contained in this article is defined as non-independent research because it has not been prepared in accordance with the legal requirements designed to promote the independence of investment research, including any prohibition on dealing ahead of the dissemination of this information.}

^{How to Use this Information}

^{This article contains general information only and is not intended to constitute financial or other professional advice or a recommendation that any recipient of this information should make any particular investment decision. Always consult a suitably qualified financial advisor on any specific financial matter or problem that you have.}

^{Except insofar as liability under any statute cannot be excluded, neither Brown Shipley nor any employee or associate of them accepts any liability (whether arising in contract, tort, negligence or otherwise) for any error or omission in this article or for any resulting loss or damage whether direct, indirect, consequential or otherwise suffered by the recipient of this article.}

^{Investment Risk}

^{Investing in stocks either directly or indirectly carries investment risk. The value of equity based investments may go down as well as up over time due to factors such as, market volatility, interest rates, and general economic conditions.}