Kleinwort Benson has recruited two senior Private Bankers. Jeremy Brown and Stephen Campbell will join the firm from Schroders where they were key members of the UHNW team. Brown headed up Schroders’ core advisory management business in London and the pair, who were together previously at JP Morgan, have worked with many of the country’s most successful entrepreneurs.

Kleinwort Benson announce the acquisition of respected family office Karrig Strategic Capital LLP, a six person team headed by the seasoned Paul Kearney. They join the bank to form a new unit: the ‘Kleinwort Benson Private Investment Office’.

Previously, Kearney served as Chief Executive Officer of Cardinal Asset Management, and established their alternative asset business. Prior to that role, Kearney was Managing Director and Senior Executive Officer of Zurich Capital Markets in Europe. Gene Salerno, responsible for Investment and Portfolio Research at Karrig, was previously Head of Research at Cardinal Asset Management.

Paul Kearney commented, “Clients with complex personal and business interests have a need for high quality impartial advice, bespoke investment solutions and timely information including consolidated reporting, performance analysis and risk management. Kleinwort Benson and the Karrig team share a common client philosophy; a solutions rather than product–led approach based on high quality independent advice.”

Commenting on these latest developments, Tennant said, “Kleinwort Benson’s distinctive wealth management platform, which ranges from credit and wealth management to corporate advisory and co-investment opportunities, is strengthened by Karrig’s alternative asset management capabilities. We are delighted that our business model and client proposition is attracting such high quality private banking professionals.”

Kearney and Brown will both sit on Kleinwort Benson’s Executive Committee, the body responsible for setting strategy and the day-to-day management of the Bank.