The Swiss bank is beefing up its board with a veteran wealth manager formerly with Coutts in Switzerland.
Zurich-based Rothschild & Co. is adding heavyweight private banker Warwick Newbury (pictured) to its board of its wealth management business in the U.K. as a non-executive member, effective immediately, it said in a statement.
Newbury looks back on a more than five-decade-long career in wealth management industry, during which he held senior roles both in the U.K. as well as in Switzerland – and had a front-row seat to its consolidation.
Flurry Of Deals
He began his banking career at Coutts, where he was the British bank's first head of private banking in 1990. Seven years later, he was poached by Hambros, where he was tasked with building up wealth management as a new division.
Société Générale bought Hambros in 1998, and Newbury became chief executive of SG Hambros Bank. He stepped down from an executive role in 2007, but remained chairman of the bank – now called Kleinwort Hambros Bank – for another ten years.
More recently, Newbury was chairman of Sandaire, after the family office opened itself up as a multi-family enterprise. Newbury held that role until the end of last year, when Sandaire was acquired by Schroders for $3 billion.
