Brown Shipley appoints new private banking boss

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Brown Shipley has appointed former Sanlam private banking chief Hugh Titcomb to head up its own private banking division.

Titcomb - who has previously CEO of Sanlam Private Investments UK - has over 28 years experience in the sector, including roles at Ansbacher Group and J.P. Morgan.

In his new role he will join the London office to lead its post-RDR drive.

Brown Shipley chief executive Ian Sackfield said: "We had a very strong and positive 2013. With the appointment of Hugh as our new head of private banking, we will continue our focus on further growth."

The appointment comes amid a wider senior management reshuffle, which sees a number of new board appointments following a review.

Robert Kitchen and Bob Smoker will both step down, although they will retain their management roles outside the board. Chief financial officer Andrew Curran and former building society chief executive Jim Willens will replace them.

In addition, chief risk officer Mike Hudson will take reporting responsibility for the firm’s compliance department.

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