Your IndustryMar 30 2017

Brown Shipley CEO stands down to advise clients

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Brown Shipley CEO stands down to advise clients

The chief executive of Brown Shipley will step down from his role, the company has announced.

Ian Sackfield will remain in post until his replacement has been appointed.

But after stepping down he will remain at Brown Shipley as a client director, advising clients as he has continued to do throughout his tenure as chief executive.

Mr Sackfield said: “Having been chief executive for over eight years, I have decided that now is the right time to hand the baton over for someone else to continue taking the business forward.

“Not only does Brown Shipley have a strong heritage, it also has a bright future based on the pillars of talented employees and a proposition that provides for our clients’ overall wealth management needs.

“I am now looking forward to working with our new chief executive in due course, as well as continuing to advise clients.”

During his time as chief executive, Mr Sackfield oversaw the business’ assets under management grow from £1.9bn to £5.5bn.

The company also completed a number of strategic acquisitions, including Hampton Dean in 2015 and The Roberts Partnership in 2016.

David Rough, chairman of Brown Shipley said: “Ian has done a tremendous job at leading the business for over eight years as chief executive and has played a pivotal role in making Brown Shipley the successful UK-wide full service wealth manager that it is today.

“I am delighted that he will also stay on with the business as a client director.

“The board and I look forward to appointing a successor in due course and building upon the strong foundations Ian has put in place.”

After joining Brown Shipley in 1987, Mr Sackfield was appointed a director in September 2001 and head of private banking in January 2008, before becoming chief executive in January 2009.

damian.fantato@ft.com