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July 7, 2020updated 08 Jul 2020 1:15pm

Brown Shipley appoints chief risk officer

By Patrick Brusnahan

Brown Shipley, a Quintet private bank, has appointed Fiona Woodhouse as its chief risk officer.

Woodhouse has over 20 years’ experience in the risk management space and joins Brown Shipley from Quilter Investors. At Quilter, she was chied risk officer and responsible for building a new risk funciton.

In addition, Woodhouse was a member of its executive committee.

Prior to this, she spent eight years at Henderson Global Investors where she held multiple roles before becoming deputy chief risk officer.

Alan Mathewson, chief executive of Brown Shipley, said, “We are thrilled to welcome Fiona to our team at Brown Shipley. She brings a wealth of experience to the position and will help to reinforce our risk management framework.”

Woodhouse added: “I am excited to be joining Brown Shipley at an important stage in its continuing growth. I look forward to joining the executive committee and working closely with colleagues across Brown Shipley and our parent company, Quintet Private Bank.”

Brown Shipley moves

Brown Shipley has also appointed Ben Lamers as a client director in its London office.

Lamers will report to client director Michelle Coulson and be responsible for developing new client relationships alongside his team.

He brings experience of financial services that include 14 years at Julius Baer International, where was an executive director and senior private banker. His role involved advising HNW clients how to meet long-term financial objectives.

Prior to the Merrill Lynch and Julius Baer merger, he held various roles at Merrill Lynch including vice president.

Quintet Private Bank registered a net loss of €44m in 2019 compared to a flat 2018, following acquisitions, investment in people, and costs related to a rebranding exercise.

The 2019 performance was hit by costs associated with the takeovers of UK-based NW Brown and Zurich-based Bank am Bellevue.

Furthermore, Quintet’s revenues for the 12-month period ended 31 December 2019 were €443.1m, in line with the previous year.

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