Multi-family office Sandaire Investment Office has appointed Warwick Newbury as its chairman.
Newbury will take up his new position in August 2017, succeeding the firm’s founder Alex Scott, who will continue as chairman of parent company Applerigg.
Newbury will continue as chairman of Kleinwort Hambros Bank until its full legal merger with Kleinwort Benson later this year. Commenting on the appointment, Scott said: “We are absolutely delighted to welcome Warwick as our new chairman. His vast experience of the wealth management industry, which spans family offices as well as private banking and investment management, will play an integral part in Sandaire’s continued development.”
Newbury said: “I am thrilled to be joining Sandaire as chairman at such a significant time in the development of the company. I am looking forward to making a meaningful contribution to a progressive and dynamic business as it continues to grow and evolve.”
Newbury started his banking career in 1964 at Coutts where he held various positions both in Switzerland and in the UK. In 1990, he was appointed Head of Coutts Private Banking.
He then moved to Hambros Bank in 1997 as their first Head of Private Banking, becoming group chief executive of SG Hambros following Société Générale’s acquisition of Hambros Bank in February 1998.
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On 1st October 2007, Newbury became chairman of SG Hambros Bank (now Kleinwort Hambros Bank).