Brown, Shipley & Co.

Brown, Shipley & Co.
Subsidiary
Industry Financial Services
Founded 1810
Founder Alexander Brown
Headquarters London, England, United Kingdom
Products Investment Management, Wealth Management, Pensions
Parent KBL European Private Bankers
Website www.brownshipley.com

Brown Shipley & Co Limited (doing business as Brown Shipley) is a London-based subsidiary of KBL European Private Bankers SA. It offers investment management, pensions and associated advisory services for private, institutional and corporate clients. The CEO is Ian Sackfield.[1]

History

In 1800, Irish merchant Alexander Brown, founder of Alex Brown & Sons went into business in Baltimore, Maryland, importing Irish linen and exporting cotton and tobacco back to Britain. In 1810, his eldest son William brought the family business to Liverpool under the name William Brown & Co.

In 1812 William returned to Baltimore to introduce his new wife and baby to his family and to report on trading and political conditions in Liverpool and Europe.[2]

In 1825, William formed a partnership with Joseph Shipley. The new trading firm financed merchants who were shipping goods between Britain, the United States and other parts of Europe and the Americas. Over the years, the trading activities ceased and the merchant banking activities grew, based in London.[3]

In 1918 the partnership between Brown, Shipley and its American partners Brown Bros. & Co. ended, although each continued to act as agents for the other for some time. In 1946, Brown Shipley became a limited company.

Some historical records of Brown, Shipley & co. are included in the Brown Brothers Harriman Collection housed in the manuscript collections at New-York Historical Society.

In 2017, the firm appointed a new chairman to its board, David Rough. Rough had been a member of the board since 2004 and initially took the role as a temporary measure.[4] It was then made official in March that he would remain. Additionally, Yves Stein and Jim Byrdie joined the board as non-executive directors.[5] Stein is the group Chief Executive of KBL, the parent company of Brown Shipley.[6]

References

  1. ↑ "Company site". Retrieved 24 February 2017.
  2. ↑ The House That Trust Built by Dr Michael McCarthy
  3. ↑ The House That Trust Built by Dr Michael McCarthy
  4. ↑ Levy, Danielle. "Brown Shipley appoints new chair in board shake-up". Wealth Manager. Retrieved 19 March 2017.
  5. ↑ Levy, Danielle. "Brown Shipley appoints new chair in board shake-up". Wealth Manager. Retrieved 19 March 2017.
  6. ↑ Levy, Danielle. "Brown Shipley appoints new chair in board shake-up". Wealth Manager. Retrieved 19 March 2017.


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