Type Subsidiary Founder Alexander Brown Founded 1810 | Industry Financial Services Website www.brownshipley.com Headquarters London | |
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Products Investment Management, Wealth Management, Pensions Parent organization KBL European Private Bankers Subsidiaries The R A Roberts Partnership Ltd Profiles | ||
Brown Shipley & Co Limited (doing business as Brown Shipley) is a London-based subsidiary of KBL European Private Bankers SA. It offers investment management, pensions and associated advisory services for private, institutional and corporate clients. The CEO is Ian Sackfield.
History
In 1800, Irish merchant Alexander Brown, founder of Alex Brown & Sons went into business in Baltimore, Maryland, importing Irish linen and exporting cotton and tobacco back to Britain. In 1810, his eldest son William brought the family business to Liverpool under the name William Brown & Co.
In 1812 William returned to Baltimore to introduce his new wife and baby to his family and to report on trading and political conditions in Liverpool and Europe.
In 1825, William formed a partnership with Joseph Shipley. The new trading firm financed merchants who were shipping goods between Britain, the United States and other parts of Europe and the Americas. Over the years, the trading activities ceased and the merchant banking activities grew, based in London.
In 1918 the partnership between Brown, Shipley and its American partners Brown Bros. & Co. ended, although each continued to act as agents for the other for some time. In 1946, Brown Shipley became a limited company.
Some historical records of Brown, Shipley & co. are included in the Brown Brothers Harriman Collection housed in the manuscript collections at New-York Historical Society.