UK-based private bank Coutts has appointed Adam Brownlee as its executive director and wealth manager.
Brownlee joins the firm from LGT Vestra. He was a senior wealth manager and brings 20 years of experience in the sector. In addition, he has worked for Credit Suisse and HSBC Private Bank.
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He will be tasked with growing the private office’s ultra high net worth (UHNW) client base in the UK.
Brownlee will report to Hannah Buxton, managing director.
Warren Thompson, head of the Coutts Private Office, said: “Adam is a great addition to the Coutts team. He has a fantastic background in managing and growing UHNW family relationships, critically building those deep multi-generational relationships that are the foundation.
“His knowledge of the wider marketplace and in-depth industry knowledge will be invaluable to Coutts and the wider NatWest Group. We’re all very excited for him to be working with us.”
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By GlobalDataBrownlee commented: “It’s a great honour to join a business such as Coutts and specifically the Coutts Private Office which offers clients a Family Office, within a global financial services institution. Coutts is a brand like no other and one that has a reputation for phenomenal client service, an industry-leading investment capability and the platform to offer a world class, digitally enabled experience to UHNW families in the UK. It’s exciting to be able to join a business that although well established and connected, continues to challenge the market and truly strive for continued growth.”
Coutts has also joined the Post Office Banking Framework. This allows its customers to perform banking services such as cash withdrawals, deposits, or paying in cheques at one of the Post Office’s 11,500 branches.
The agreement means that UK-based Coutts is the 30th firm to join the scheme. Coutts clients now have close to 22,500 locations across the country where they can carry out their banking requirements, also including NatWest/RBS branches and ATMs.
Adam & Company, also owned by RBS/NatWest, will become the 31st bank to join the system.
