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July 23, 2020updated 27 Jul 2020 12:20pm

Coutts hires executive director and wealth manager

By Patrick Brusnahan

UK-based private bank Coutts has appointed Adam Brownlee as its executive director and wealth manager.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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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.

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.”

Brownlee 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.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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