Brown Shipley, a Quintet Private Bank, announced today that Calum Brewster – who currently serves as Managing Director, Head of Private Banking & Client Solutions – has been promoted to CEO of the UK wealth manager, subject to regulatory approval. Brewster, who joined Brown Shipley in February 2021 as an Executive Committee member responsible for leading the firm’s team of client advisors, has more than 25 years of financial services experience.
Brewster succeeds Alan Mathewson, who has served as CEO of Brown Shipley since 2018 and will step down following a brief transition period. Under Mathewson’s leadership, Brown Shipley has recorded sustained growth; the firm currently counts 360 staff in eight UK offices, managing some £10 billion in client assets.
Brewster will build upon Brown Shipley’s strong history and UK market position by bringing Quintet’s full wealth proposition to its high net worth clients, leading with advice and further growing this franchise founded more than two centuries ago.
He previously served at Julius Baer, where he was Managing Director and led expansion across the UK Regions. Brewster earlier held senior roles at Barclays Wealth, where he was also Managing Director, and at Lloyds Banking Group, where he likewise served in a range of senior positions. He earned an MBA from Edinburgh Business School, Heriot-Watt University, and is professionally qualified.
“Calum is a natural leader, who has proven his ability to bring out the best in his colleagues and bring them together in service to our clients,” said Kath Cates, Chair of Brown Shipley. “As CEO, he will further grow our business, building on Alan’s accomplishments, including expanding our domestic footprint, sharpening our international offering and enhancing our digital channels. On behalf of the Board of Directors, I would like to extend my congratulations to Calum and gratitude to Alan.”
“Since 2018, Alan and his Executive Committee colleagues have worked in partnership to make our UK firm an even more collaborative and client-centric organisation, where everyone shares the same commitment to earning client trust,” said Jakob Stott, Group CEO of Quintet Private Bank, parent of Brown Shipley. “Under Calum’s experienced leadership, Brown Shipley will continue on this journey, moving forward at pace and with agility.”
“At the start of this new year, I am excited about this new beginning for me personally and for our firm,” said Brewster. “Brown Shipley occupies a unique space in the UK wealth management sector. Our firm embraces a tradition stretching back to its merchant banking roots of providing quality advice locally, but with global perspective, delivered by experts who build bridges between each client’s business, family and wealth needs over generations. Moving ahead, we will continue to pursue our strategic growth ambitions – maintaining our focus on the long-term interests of every client we have the opportunity to serve.”
“It has been a privilege to serve as CEO of Brown Shipley, working alongside so many exceptional colleagues here in the UK and across Europe,” said Mathewson. “Having hired Calum, I am confident I leave the business in safe hands and that Calum will continue to lead the business forward with his trademark passion and determination. I wish nothing but the best for Calum, all my colleagues and every client who has placed their trust in Brown Shipley.”