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Monday, January 29, 2024

Brown Shipley proprietor hires new group CEO as Stott exits 

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Quintet Non-public Financial institution, the proprietor of Monetary Planner and wealth supervisor Brown Shipley, has appointed skilled HSBC govt Chris Allen to be its new group CEO. 

He’ll substitute Jakob Stott who has determined to step down and can depart the agency following a quick transition. 

Mr Allen has 30 years of expertise in monetary companies and can take up his new function on 1 July, topic to regulatory approval.

Throughout the previous 15 years at HSBC, he has held a collection of roles together with CEO of Different Investments; CEO of HSBC Non-public Financial institution UK and head of worldwide personal banking, Europe, Center East & Africa. 

Earlier in his profession, he served as govt director at Colliers Capital, engaged on increasing the agency’s fund administration enterprise and as head of actual property fund administration at a Center East financial institution.

Quintet, which is predicated in Luxembourg and operates in 50 cities throughout Europe, mentioned Mr Allen, a British nationwide who holds a level and funding diploma from Sheffield, Metropolis and Cambridge Universities will lead Quintet into the “subsequent stage” of its long-term development. 

Mr Stott joined Quintet in 2019 and has overseen key tasks such because the merger of Quintet’s EU-based subsidiaries. 

Rory Tapner, Quintet chair, mentioned: “We’re grateful to Jakob Stott for his considerate management. Working in partnership with a wonderful administration workforce and drawing upon the talents and perception of our 2,000 individuals, Jakob led the agency by way of uniquely difficult exterior circumstances and sharpened its consumer focus. 

“On the identical time, we’re desirous to welcome Chris Allen, who has earned a powerful status within the wealth administration trade by persistently delivering outcomes. He’ll apply his expertise and vitality as he accelerates Quintet’s long-term development – additional strengthening our agency’s fundamentals and driving the enterprise ahead with optimism and dedication.” 

Mr Allen mentioned: “After 15 fantastic years at HSBC I’m enthusiastic about becoming a member of Quintet, an impartial wealth supervisor that provides a singular mixture of worldwide experience and native information – with an open-architecture strategy meaning consumer pursuits all the time come first. 

“I sit up for assembly my new colleagues, studying from their expertise and incomes their belief. Collectively, we’ll proceed to concentrate on assembly the wants of each Quintet consumer – together with people and households, establishments and professionals – and rising our franchise.” 


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