The parent company of Brown Shipley has acquired Dutch private bank Insinger de Beaufort (IdB).
The acquisition by parent company KBL European Private Bankers will add 27 employees, including nine relationship managers to Brown Shipley’s London Office.
This also paves the way for Brown Shipley’s assets under administration to grow to £7.5bn.
The acquisition is in line with Brown Shipley’s strategy to raise the overall capacity and grow its London client base.
The acquisition follows similar recent transactions made by Brown Shipley. In May, Brown Shipley acquired and integrated Manchester based financial planning and wealth management company, The Roberts Partnership.
Brown Shipley, CEO, Ian Sackfield said: “I am delighted to announce the acquisition and integration of this successful team which will further develop Brown Shipley’s capabilities in London, an area of significant strategic importance to the overall business.
“The team’s expertise and experience looking after the wealth of international clients will further broaden both our proposition and opportunities.”