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

Leadership Change at Brown Advisory

Brown Advisory, a renowned independent investment management and strategic advisory firm, has unveiled an important update in its leadership structure. As of January 14, 2025, Logie Fitzwilliams has been appointed as Co-CEO, sharing responsibilities with Mike Hankin, who has served as CEO since the company's privatization in 1998. This strategic move is seen as crucial for addressing the evolving needs of clients, employees, and shareholders alike.

The New Co-Leadership Structure

The decision for a dual-CEO model was made collaboratively between the company's independent board and Mike Hankin, recognizing the increasing complexities within the financial landscape. Over the past 15 years, Fitzwilliams and Hankin have forged a strong partnership, which now positions them to enhance collaboration and drive growth at Brown Advisory. Both leaders will assume their roles on the company's board, ensuring a united front in guiding the firm's strategic direction.

Hankin expressed his enthusiasm for this transition, stating, "This represents a natural progression in our leadership journey. With Logie's extensive experience and dedication to client service, I am confident in our ability to take Brown Advisory to new heights together. His commitment to listening to client needs both domestically and internationally is crucial in today’s global environment.”

Commitment to Independence

Both Fitzwilliams and Hankin are firmly committed to maintaining Brown Advisory's status as a private and independent company. The existing shareholder structure, where every employee holds equity alongside a significant group of external shareholders, remains intact. This ownership model has been a cornerstone of Brown Advisory’s culture, emphasizing client-centric values and long-term service.

Fitzwilliams, reflecting on his two decades with Brown Advisory, stated, “It is a tremendous honor to join Mike in this capacity. Our shared focus on serving our clients to the highest standards will guide our leadership. We are committed to fostering an environment that nurtures both client and employee satisfaction.”

Track Record of Success

Under Hankin’s leadership, Brown Advisory's assets have surged from $2 billion in 1998 to an impressive $170 billion today, achieving an annual growth rate of 17%. The firm now employs nearly 1,000 professionals spread across 14 offices in the United States, alongside significant presences in London, Frankfurt, Singapore, and Tokyo. This vast network supports a client base ranging from individuals and families to nonprofit organizations and institutional investors situated in over 51 countries.

The firm is renowned for its wide-ranging investment platforms, including private equity, mutual funds, and ETFs, which reflect its adaptable approach to investment management. The company's impressive client retention rate, exceeding 98%, is a testament to its commitment to superior investment performance and strategic advisory services.

Looking Ahead

With this leadership transition, Brown Advisory looks poised to tackle future challenges and seize opportunities within the global investment landscape. Quintin Ings-Chambers will lead international operations moving forward, since he has been instrumental in developing the firm’s global client outreach since joining in 2012.

In conclusion, as Brown Advisory embarks on this new chapter, the partnership between Fitzwilliams and Hankin is expected to deepen the organization's commitment to excellence in client service and innovation in investment strategies, reinforcing its mission to remain a leader in the industry.

For more information about Brown Advisory and its leadership team, please visit Brown Advisory.