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Brown Shipley

Brown Shipley is acquire the investment management division of Edinburgh-based law firm Gillespie Macandrew for undisclosed terms.

Brown Shipley is to relocate its Manchester-based private bank and about 80 staff from King Street to a 14,000 sq ft unit at Spinningfields by September.

Brown Shipley is to open a private banking office in Birmingham city centre over the next few months, having recruited a private client team from Deutsche Tilney.

Albert E Sharp is acquiring Brown Shipley, the stockbroking and personal equity plan operation, from Guinness Peat for £7m.