Rothschild & Co appoints Warwick Newbury to UK Wealth Management board
Rothschild & Co is pleased to announce the appointment of Warwick Newbury as a non-executive director to the board of its UK Wealth Management business (Rothschild & Co Wealth Management (UK) Ltd), with immediate effect.
Warwick has more than five decades of experience in the wealth management industry, both in the UK and Switzerland, having held a number of key senior positions including Head of Coutts Private Banking, CEO of the SG Hambros Group (now Kleinwort Hambros Bank) and, most recently, Chairman of Sandaire.
Commenting on the appointment, Gary Powell, Executive Chairman of Rothschild & Co’s Wealth Management business said: “As one of the leading figures in the wealth management industry, we are thrilled that Warwick has agreed to join the board of our UK Wealth Management business. He brings with him an unrivalled breadth and depth of experience across wealth and investment management, private banking and family offices.”
Helen Watson, UK CEO and Co-head of Rothschild & Co’s Wealth Management business, said: “In a challenging year, our business has adapted extremely well and we have seen our UK assets under management increase significantly. Warwick’s contribution will be incredibly valuable as we continue to grow the business, further evolve our strategy and enhance our distinctive investment approach and exceptional client service.”
Warwick Newbury said: “I am delighted to be joining Rothschild & Co’s UK wealth management team led by Gary Powell and Helen Watson. I am a strong believer in their focus on building a trusted partnership with clients, emphasis on long-term wealth preservation and their particular investment management approach. I am pleased to share my own experience of helping wealthy families, entrepreneurs and charities in support of the growth objectives of this successful wealth manager.”
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Warwick Newbury started his banking career with Coutts (1964-1996) where he held various positions in Switzerland as well as the UK. He was appointed as their first Head of Private Banking in 1990.
Recruited by Hambros Bank Ltd in 1997 as Head of Private Banking to develop wealth management as a new business line, he was then appointed Chief Executive of SG Hambros Bank Ltd following Société Générale’s acquisition of Hambros Bank in February 1998 as part of their ambitions to develop a Global Private Banking business. He retired in 2007 from executive roles, having built the business to reach £17bn of AUMs through various acquisitions as well as organic growth, with the invitation to become Non-Executive Chairman for a further ten years.
Warwick became Chairman of Sandaire Ltd (2017-2020), appointed by the Scott family after the decision of the Founder to step down from active management following its successful development from a Single Family Office to a Multi Family Office.
For further information:
Rothschild & Co
Tel: +44 7703 715 763
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About Rothschild & Co, Wealth Management
Rothschild & Co is family-controlled and independent and has been at the centre of the world’s financial markets for over 200 years. With a team of c.3 500 talented financial services specialists on the ground in over 40 countries, Rothschild & Co’s integrated global network of trusted professionals provides in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth & Asset Management, and Merchant Banking.
Rothschild & Co’s Wealth Management business provides investment management services to a wide range of families, entrepreneurs, charities and foundations. The Rothschilds are one of the few families to have successfully preserved their wealth over seven generations, so we understand the issues wealth owners must address. We believe preservation first is the right approach to managing wealth and our distinct, long-term perspective sets us apart, making us a secure home for their assets. Wealth & Asset Management offices are in Aix-en-Provence, Brussels, Dusseldorf, Frankfurt, Geneva, Grenoble, Guernsey, London, Manchester, Marseille, Milan, Monaco, New York, Paris, and Zurich. Wealth & Asset Management assets total more than €71 billion across the group.