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Barnett replaces Newbury as Kleinwort Hambros chairman

Barnett replaces Newbury as Kleinwort Hambros chairman

Kleinwort Hambros, Societe Generale’s UK private banking and wealth management business, has appointed Stuart Barnett as its chairman.

Barnett has been a non-executive board member since 2014 and was earlier this year appointed deputy chairman.

Prior to joining Kleinwort Hambros, Barnett was a senior partner in the Deloitte financial services practice.

He 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 act as a direct liaison between the board and Eric Barnett (pictured), chief executive officer of Kleinwort Hambros.

He replaces veteran private banker Warwick Newbury who has been in the industry for over 50 years.

Newbury will leave the bank after 20 years, including 10 as its CEO, to become chairman of multi-family investment office Sandaire.

He replaces Alex Scott, founder and chair of Sandaire, who stepped down from the role. However, Scott will continue as chairman of its parent company, Applerigg.

In the short-term, and as part of the transition arrangement, Barnett will work alongside Newbury, who will remain in his position as chairman of the board of directors of SG Kleinwort Hambros Bank Limited until the completion of its full legal merger with Kleinwort Benson Bank on 6 November 2017.

The bank began integrating its regional teams, including Klienwort Bensons, in its Newbury office earlier this year.

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