Brown Shipley adds £1.5bn in AUM following Dutch acquisition

Adds 27 staff to London office

Brown Shipley has expanded its London operations, following the acquisition of Dutch private bank parent Insinger de Beaufort (IdB) by its parent company KBL European Private Bankers.

The deal adds £1.5bn to Brown Shipley's assets - now totalling £7.5bn - and sees its London office add 27 new members of staff, including nine relationship managers. Brown Shipley said the acquisition supports its strategy of building out its London-based operations by increasing overall capacity, growing its clients base and "providing further scale to the business". CEO of Brown Shipley Ian Sackfield said the firm's London office was an area of "significant importance to the overall business". He added: "The team's expertise and experience looking after the wealth of internationa...