Kleinwort Hambros chairman exits for family office


Kleinwort Hambros has announced its chairman will exit in November when the consolidation of parent company Societe Generale’s private banking businesses completes.

Warwick Newbury will join multi-family office Sandaire as chairman, where he will replace its founder Alex Scott.

Deputy chairman Stuart Barnett will replace Newbury on 6 November.

Kleinwort Hambros is the private banking and wealth management business of Societe Generale in the UK, Channel Islands and Gibraltar. It manages £16bn in client assets.

Barnett joined Kleinwort Hambros, then named SG Hambros, in August 2014. He was previously a senior partner at Deloitte specialised in private banking.

Societe Generale announced in November it was merging SG Hambros and Kleinwort Benson.