Brown Shipley successfully completes integration of NW Brown
Brown Shipley, a Quintet Private Bank, is pleased to announce it has finalised the integration of NW Brown & Co Limited (NW Brown). NW Brown’s Cambridge office now becomes Brown Shipley Cambridge and NW Brown in Norwich has also been incorporated to become Brown Shipley Norwich. This forms part of Brown Shipley’s overall growth strategy to add further scale and unlock additional regional opportunities.
This acquisition was first announced on 20 June 2019 and the integration of these two offices creates Brown Shipley’s East Anglian hub and adds to their six existing offices around the UK.
NW Brown & Co Limited, founded in Cambridge in 1974, is a successful wealth manager working predominantly with private clients to offer financial planning and investment management services. The scope of services offered will be increased as a result of this acquisition, providing clients access to borrowing and a means to finance their future developments.
The acquisition of NW Brown increases Brown Shipley’s AUM to £9bn, the business will also now be able to draw on the wider skillset of colleagues across Europe in Quintet Private Bank, Brown Shipley’s parent company.
Alan Mathewson, CEO of Brown Shipley said, “I am delighted to welcome our colleagues in the Cambridge and Norwich offices into our business, led by, Oliver Phillips, Head of Office, Cambridge & Norwich. This region is a hotbed of innovation and entrepreneurialism and this acquisition provides significant opportunities for us to grow here.
“I would also like to thank colleagues who’ve worked so tirelessly to ensure that, despite the COVID-19 pandemic, this integration was delivered according to our original timescales.”
Oliver Phillips, Head of Office, Cambridge & Norwich, added: “This is a very positive development for everyone associated with NW Brown. As part of Brown Shipley, our clients are already starting to benefit from access to a broader range of services. We look forward to working together as part of a company with a rich history as we look to expand our business over the coming years.”
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