BALTIMORE, January 14, 2025 /PRNewswire/ — Brown Advisory, an independent investment management and strategic advisory firm, today announced the next stage of its leadership, with the creation of a Co-Chief Executive Officer structure. Effective immediately, By Mike Hank And Logie Fitzwilliams will share the responsibilities of general manager. By Mike Hank has been the sole CEO and president since the company became private and independent in 1998. Logie Fitzwilliams started at Brown Advisory in 2003 and most recently served as Head of International Business and Global Head of Sales.
Together, the firm’s independent board of directors and By Mike Hank decided that a co-CEO structure would be the best solution to provide the leadership necessary to meet the growing needs of the firm’s clients, colleagues and shareholders. As a team, Mike and Logie, who have worked closely together over the past 15 years, will deepen the firm’s partnership and collaborative culture to drive results for all stakeholders. This development represents the most significant change in Brown Advisory’s leadership since the firm adopted its current private, independent structure in 1998. As co-CEOs – and co-chairs – Mike and Logie will serve on and report to the board of administration which governs the company.
By Mike Hank declared, “I couldn’t be more excited about this natural next step in the direction of the company. In building a global investment and business team to complement what we are cultivating in the United States, Logie has led with the qualities that we believe make him the ideal person to share leadership responsibility. of the entire firm. He understands that to truly be customer first, we must obsessively focus on listening to our customers in the United States and around the world. He understands that to build successful teams, we must also listen to our colleagues. We must ensure that our colleagues have the resources and training necessary to live up to our customers’ expectations. »
He added: “It is important to note that Logie and I share Brown Advisory’s existential commitment to remaining a private, independent company. Our ownership structure – where each colleague owns shares in the company alongside a significant set of external shareholders who provide essential advice and support – will remain the same; it is the structural backbone to being the customer-focused company we aspire to be across generations.
Logie Fitzwilliams note, “It is a tremendous honor to join Mike at the helm of Brown Advisory. Throughout my 22 years with the firm, I have had the privilege of working closely with him and we have built a deep relationship that will serve as the foundation of our partnership as Most importantly, from the beginning, we have had a shared goal to invest, advise and serve our clients at the highest possible level, and to have a shared commitment to the future of Brown Advisory as a private, independent, entrepreneurial and agile company. business.”
Bob FlanaganSenior Director of the Brown Advisory Board, shared: “The process and thinking behind this decision was thorough, productive and always forward-looking. We have considered numerous options and scenarios to ensure Brown Advisory has the best leadership in place for the present and future. Each of us believes that the firm, its clients and colleagues will be better served if Mike and Logie act together as CEOs. »
Bea Hollandedirector and chairman of the firm’s international advisory board, added: “Being based in the UK, I had the first-hand opportunity to work with Logie and advise him on the firm’s international business strategy. I have seen first-hand the incredible impact he has had on Brown Advisory and its clients I know all the directors I share my excitement to welcome Logie to the board and to see Mike and Logie working together as a team.
Below Mike Hankin leadership, the firm has grown by overseeing the assets of clients of 2 billion dollars in 1998 until almost now 170 billion dollars – an annualized growth rate of 17%. Today, the firm’s clients are served by nearly 1,000 colleagues in 14 offices across the United Statesan important office in London and strategic bases in Frankfurt, Singapore And Tokyo. The firm’s clients – a collection of individuals, families, nonprofit organizations, charities, institutions and financial intermediaries – are located in 51 countries and every U.S. state. Brown Advisory also manages significant fund platforms – private funds, mutual funds and now ETFs – in the United States, as well as platforms outside the United States. Ireland, Bermuda and the Cayman Islands. Over the past ten years, the firm’s client retention rate exceeds 98% thanks to its commitment to delivering best-in-class investment performance, thoughtful strategic advice and the highest level of client service.
Quintin Ings-Rooms will take charge of international affairs. Quintin joined Brown Advisory in 2012 as head of the firm’s international private client and charitable practice. He has over 25 years of experience in the investment industry. Prior to joining Brown Advisory, he served as Chief Investment Officer at SG Hambros and Head of the Private Client and Charitable Client Group at Baring Asset Management. Quintin will report to Logie Fitzwilliams.
About Brown Advisory
Brown Advisory is an independent investment management and strategic advisory firm committed to providing its clients with a combination of investment performance, strategic advice and the highest level of service. Brown Advisory has been a private, independent practice since 1998. Today, the firm has more than 950 colleagues – each with an equity stake – serving private clients and institutions in more than 50 countries from 18 offices in the world and is responsible for approximately 170 billion US dollars of assets with private, institutional and charitable clients from December 31, 2024. The firm’s peer ownership, experienced investment professionals and client-focused culture help make a material difference in the lives of its clients. For more information, please visit www.brownaadvisory.com.
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Media contacts |
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Public Relations Dukas Linden (United States) |
Cardew Group (International) |
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Stéphanie Dressler: +1 949 269 2535 |
Tom Allison: +44 7789 998 020 |
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E-mail: brown@dlpr.com |
Tania Sauvage: +44 7425 536 90 |
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E-mail: BrownAdvisory@cardewgroup.com |
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SOURCE Review Brown
