Kleinwort Hambros, the private banking and wealth management business of Societe Generale in the UK, Channel Islands and Gibraltar, has appointed Stuart Barnett as its chairman designate.
Barnett’s appointment is due to become effective from 6 November 2017.
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He will, subject to regulatory approval, replace Warwick Newbury following his decision to retire from the SG Kleinworts Hambros Bank Board and take up a new position as chairman of the board of directors of Sandaire, the independent multi-family investment office.
Barnett joined SG Hambros Bank Limited (now named SG Kleinwort Hambros Bank) as an independent non-executive director in August 2014.
In May 2017, he was appointed, subject to regulatory approval, deputy chairman of the bank.
Prior to joining Kleinwort Hambros, Barnett was a senior partner in the Deloitte Financial Services Practice.
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By GlobalDataHis primary experience is in the banking sector, with particular specialisation in private banking, as well as experience in wealth management, investment management, and advisory services such as corporate finance.
Barnett is a fellow of the Institute of Chartered Accountants and previously served as a member of its banking sub-committee
In his new role, Barnett will work closely with the SG Kleinwort Hambros Bank Board, and will act as a direct liaison between the board and Eric Barnett, CEO of Kleinwort Hambros, to build on the strengths of Kleinwort Hambros in the UK, Channel Islands and Gibraltar, which today manages around £16bn in client assets.
In the short-term, and as part of the transition arrangement, he will work alongside Warwick Newbury, who will remain in his position as chairman of the board of directors of SG Kleinwort Hambros Bank until the completion of its full legal merger with Kleinwort Benson Bank on 6 November 2017.
Kleinwort Hambros has over 1,000 employees and offices in London, Cambridge, Newbury, Leeds, Edinburgh, Guernsey, Jersey and Gibraltar.
