City Moves for 29 March - who's switching jobs at Brown Shipley, HgCapital and Challenger Acquisitions

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Today's City Moves cover wealth planning, private equity and acquisitions specialists. Take a look at these movers and shakers:

Brown Shipley

Brown Shipley, experts in wealth planning, investment management and private banking, has appointed Richard Stubbs as head of lending, a newly created role. Richard, a lending specialist with over 30 years of experience, will be based in Brown Shipley’s London office where he will lead the business’ focus on growing its lending book. Drawing upon his significant experience of structuring lending facilities to meet clients’ requirements, Richard will be supported by a wider team of five experienced lending specialists across Brown Shipley’s six offices, providing both secured and unsecured loans. Prior to Brown Shipley, Richard was an Executive Director at Coutts and his most recent role saw him leading a team that managed the Bank’s ultra high net worth clients within the private office.


HgCapital has made a series of key promotions to its executive team. Steven Batchelor, Jonathan Boyes and David Issott have been promoted to Partners at the Firm. Steven heads up HgCapital’s Client Services team, and most recently led the successful HgCapital 8 and Mercury 2 fundraisings over the last year. Jonathan, a member of HgCapital’s TMT team, led the HgCapital 7 investments in Ullink and Sovos Compliance, as well as playing an important role with HgCapital’s investments in both IRIS and The Foundry. David, a member of HgCapital’s Mercury team, led the investments in Allocate Software and Evaluate, as well as the investment and subsequent realisation of Relay Software last year. Current partners Matthew Brockman and Justin von Simson have also been promoted to the role of managing partner, joining Matt Rourke in this capacity and commensurately reflecting their overall contribution within the business. Following these promotions to the executive team, HgCapital has 16 partners and a total team of 120 people, based in London and Munich.

Challenger Acquisitions

Challenger Acquisitions has appointed Harold Eugene Stice (“Gene”), a successful senior manager with over 30 years of progressive experience in finance, compliance and administration within the financial services industry, as non-executive director to its Board of Directors effective immediately. Concurrent with this appointment, Gert Rieder has retired from the board in order to focus on his other business interests. Gene’s significant transactional experience will be valuable in supporting the company’s strategy to explore a number of potential acquisition opportunities in the leisure and entertainment sectors. Gene received a Masters of Business Administration in finance from New York University

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