We are pleased to announce the acquisition and integration of the former London branch of Insinger de Beaufort (IdB) into our London office. The acquisition was completed following Court Approval under Part VII of the FSMA on 12 October 2017.
This follows the acquisition by KBL European Private Bankers (KBL epb), Brown Shipley’s parent company, of IdB, a leading private bank headquartered in the Netherlands. As part of this development, the former London branch of IdB has now been acquired and integrated into Brown Shipley’s London office.
This acquisition will add 27 employees, including nine relationship managers, to Brown Shipley’s London office, as well as £1.75 billion of AUM. This takes Brown Shipley’s total AUM to £7.5 billion.
The acquisition supports Brown Shipley’s strategy of strengthening its London presence by further increasing its overall capability and growing its client base, providing further scale to the business.
This is another example of Brown Shipley leveraging the financial strength and opportunities presented by the combined KBL epb group and represents Brown Shipley’s third transaction in as many years. Most recently, Brown Shipley acquired The Roberts Partnership, a Manchester-based financial planning and wealth management company, formally integrating the business in May this year.
Commenting on the integration, Ian Sackfield, Chief Executive Officer 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’s expertise and experience looking after the wealth of international clients will further broaden both our proposition and opportunities.”