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June 16, 2021

Brown Shipley appoints former UBS executive as new chairperson

By Verdict Staff

Brown Shipley, a Quintet Private Bank subsidiary, has appointed former UBS executive Kath Cates as chairperson of its board of directors.

The appointment is subject to regulatory approvals.

Cates succeeds Quintet Private Bank chairman Rory Tapner, who has been acting as the interim chair at Brown Shipley.

As chairperson of the board, Cates will work alongside and advise the executive directors to lead the strategic growth of the business and its continued alignment with Quintet Private Bank.

Cates has over 30 years of experience in financial services industry. She previously served on the boards of a number of financial services firms including Brewin Dolphin.

She is currently part of boards within the Columbia Threadneedle Group, TP ICAP, United Utilities Group. She also served at the RSA board until very recently.

During her executive career, Cates worked at UBS for more than 20 years.

She held serval positions at UBS including that of global head of compliance and general counsel.

Cates was also part of UBS Global Investment Bank Board and later become the Global COO of the Wholesale Bank at Standard Chartered.

Tapner said: “I’m delighted to welcome Kath as chair of Brown Shipley and to the wider Quintet family. I have every confidence that, in partnership with her fellow board members and the Brown Shipley Executive Committee, Kath will make an important contribution to Brown Shipley’s ongoing growth and sustained success.”

Brown Shipley CEO Alan Mathewson added that Cates’ understanding of the market and opportunities, alongside her combined expertise in risk management, governance and business transformation will be a major asset to the firm.

Cates commented: “I look forward to working with Alan and the executive team at an exciting time for Brown Shipley and Quintet, as the business continues its transformation through strategic growth opportunities with client interests at the heart.”

In March this year, Brown Shipley promoted Rebecca Williams to the role of head of wealth planning.

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