Brown Shipley appoints new Head of Banking and two new Board Directors

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Brown Shipley has announced the appointment of Hugh Titcomb as its new Head of Private Banking.

With over 28 years’ experience in the industry Titcomb will lead Brown Shipley’s substantial Private Banking division from the firm’s London office.

Titcomb is a highly experienced business leader within banking, wealth management and investment management sectors. He has held a number of senior executive roles including Vice Chairman & Group CEO at Sanlam Private Investments UK, Group CEO of the Ansbacher Banking Group and Managing Director positions at Bank of New York and Flemings/JP Morgan.

Ian Sackfield, Chief Executive Officer of Brown Shipley, commented, 'We had a very strong and positive 2013 and with the appointment of Hugh as our new Head of Private Banking, we will continue our focus on further growth and the whole management team look forward to another successful year'.

In addition, Andrew Curran joins the Brown Shipley Board of Directors in his capacity as Chief Financial Officer, and Jim Willens re-joins as a Non-Executive Director. Robert Kitchen and Bob Smoker will step down from the Board of Directors with their management roles at Brown Shipley remaining unchanged. The Board changes are the result of a review of corporate governance, which included discussions with regulators and the adoption of industry best practice to ensure that Brown Shipley is structured in the best way possible way for its future growth.

In a further management change, recently appointed Chief Risk Officer, Mike Hudson, will take reporting responsibility for the firm’s Compliance function.

Alan Dickinson, Independent Chairman of the Brown Shipley Board, commented, 'These are exciting times for the wealth management industry and for Brown Shipley in particular. I know that Robert Kitchen and Bob Smoker will continue to be highly valuable members of the Brown Shipley management team and am sure that the new additions to the Board announced today will strengthen that team considerably as we look to take advantage of the many opportunities arising from the changes taking place in the industry as a whole. I look forward to working with the management team to realise our ambitions'.

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