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Kleinwort Benson establishes private investment office

7 Sep 11

Kleinwort Benson has set up a private investment office by acquiring Karrig Strategic Capital.

Kleinwort Benson has set up a private investment office by acquiring Karrig Strategic Capital.

Karrig Strategic Capital, which has offices in London and Dublin, is a six-person team led by Paul Kearney who, before joining Karrig, was chief executive officer at Cardinal Asset Management responsible for setting up the firm’s alternative asset business. Gene Salerno, responsible for investment and portfolio research at Karrig, was previously head of research at Cardinal Asset Management.

At the same time, Kleinwort Benson has recruited two senior private bankers from the ultra high net worth team at Schroders to join the Kleinwort Benson private wealth management team, headed by Guy McGlashan.

Jeremy Brown ran Schroders’ core advisory management business in London and will join along with Stephen Campbell, with who he worked at JP Morgan.

Paul Kearney and Jeremy Brown will both sit on Kleinwort Benson’s executive committee to help set strategy and the day-to-day management of the bank.

Tags: Kleinwort Benson

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.