#USA #Baltimore #Brown Advisory #Logie Fitzwilliams #Mike Hankin

Brown Advisory Announces Co-CEO Structure

In a groundbreaking move, Brown Advisory, an independent investment management and strategic advisory firm, has officially appointed Logie Fitzwilliams to take on the role of co-Chief Executive Officer (co-CEO) in conjunction with Mike Hankin, who has served as CEO since the firm became independent in 1998. This announcement was made on January 15, 2025, marking a key development in the company's leadership.

Since its inception, Brown Advisory has prioritized a client-centric approach, managing a staggering $170 billion in assets today, a remarkable increase from $2 billion in 1998 under Hankin's leadership. The firm operates with nearly 1,000 colleagues across 14 offices in the United States, along with significant locations in London, Frankfurt, Singapore, and Tokyo. The global reach of the firm stretches to 51 countries, serving a diverse clientele that includes individuals, families, non-profits, charities, institutions, and financial intermediaries.

A Natural Progression in Leadership

The decision to adopt a co-CEO structure was a collaborative one, made between Hankin and the independent board of directors. This change aims to address the evolving needs of clients, colleagues, and shareholders efficiently. Having worked closely for the past 15 years, both leaders embody a shared vision for the firm’s future, intending to deepen the company’s partnership and collaborative culture.

Hankin expressed his enthusiasm, stating, “I could not be more excited about this natural next step in the leadership of the firm. Logie has led the global investment team and the business in a manner that complements our efforts in the U.S. He is well-equipped to share the leadership responsibilities and understand our imperative to be truly client-focused.”

Fitzwilliams, who joined Brown Advisory in 2003 and has served as the head of international affairs and the global sales lead recently, emphasized the honor of working alongside Hankin. “We have a shared focus on our clients, aiming to invest in, serve, and advise them at the highest level. Together, we are committed to ensuring Brown Advisory remains a private, independent, entrepreneurial, and agile firm.”

Board of Directors' Perspective

Bob Flanagan, a board director, noted that the decision-making process was thorough and focused on ensuring the best possible leadership for Brown Advisory, both now and in the future. He highlighted the advantages of having two dynamic leaders at the helm, stating that it will benefit the firm’s clients and colleagues alike.

Bea Hollond, another board member, praised Fitzwilliams' impact on the international business strategy. She noted the enthusiasm of the board members in welcoming the duo into the executive board, ready to guide the firm into its next phase of growth.

Future Directions

Brown Advisory is also witnessing changes in its operational structure, with Quintin Ings-Chambers being appointed to lead the international business operations. With over 25 years in the investment industry and experience at SG Hambros and Baring Asset Management, Ings-Chambers is set to report directly to Fitzwilliams.

As the firm moves forward with Fitzwilliams and Hankin at the helm, its mission remains clear: to continue delivering top-tier investment performance, insightful strategic advice, and exceptional service to its global clientele. The commitment to a private ownership structure, where every colleague holds a stake in the company, underscores the firm’s dedication to its client-centric ethos and long-term relationships.

For more information, visit Brown Advisory's official website at www.brownadvisory.com.