Kleinwort Benson’s chief executive Robert Taylor is to step down
to make way for Sally Tennant who joins from Swiss rival
Lombard Odier Darier Hentsch (Lombard Odier).
Tennant will start as chief executive at the UK
private bank in mid-January next year following
three years as head of Lombard Odier’s UK private banking
operation.
Go deeper with GlobalData
Taylor has been Kleinwort chief executive since
2004.
A Kleinwort spokesperson said Taylor had led the business
through turbulent financial markets and had helped begin the
rejuvenation of the Kleinwort Benson
franchise.
“However, he agrees that now is the right time for fresh
thinking and new management, and so by mutual agreement is stepping
down from the role of chief executive,” the Kleinwort spokesperson
said.
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By GlobalDataKBC Asset Management purchase
The move is in line with Kleinwort Benson’s
plan to strengthen its asset management and corporate advisory
beyond London and across Europe.
It comes as it completes its acquisition of
KBC Asset Management Limited (Dublin), now renamed Kleinwort Benson
Investors Dublin Limited.
This brings the group’s assets under
management to more than €10bn ($14bn).
Private equity group RHJ International
acquired Kleinwort Benson for £225m ($355.7m) from Germany’s
Commerzbank in October 2009.
Frédéric Rochat, who has spent most of his
career working for the investment banking arm of Goldman Sachs
Group, has already assumed responsibility for Lombard Odier’s
activities in London.
