Ex Banque Havilland director opens RiverPeak

Former Banque Havilland head of private banking Nick Parker has launched a new firm targeting wealth management clients in London and the South East, RiverPeak Wealth.

Ex Banque Havilland director opens RiverPeak

|

The West Sussex-based company aims to provide portfolio management, investment analysis and financial planning with a level of personalised service it said was usually reserved for high net worth clients.

Parker joined Banque Hallivand from Citi Private Bank to develop its private banking operations in the UK, Luxembourg and Monaco.

At Citi he was managing director with responsibility for UK and global ultra high net worth clients. Prior to Citi he was a director at Barclays Private Bank, investment manager and wealth adviser at Merrill Lynch and a manager at Coutts. Parker is also a member of the Chartered Securities Institute.

Filling a service gap

He said: “There is no doubt that a gap in the market exists for a private banking style wealth management firm – one that goes beyond the old-style product sell to provide the high level, holistic, strategic service usually enjoyed by only the very wealthiest individuals and families. RiverPeak has been set up specifically to fill that gap, offering clients a highly personalised service built around their individual needs and aspirations.”

His business partner, James Powell, brings 20 years’ experience of financial planning and investment advice.

Most recently a director at Banque Havilland responsible for establishing the London branch, Powell also spent six years at Citi Private Bank, latterly as a private banker. Before joining Citi he was financial planning manager for SG Hambros Bank looking after clients in London, Jersey and Guernsey.

He has also worked as a financial planning manager at a top 20 accountancy firm and a national IFA. He holds a degree in Economics and holds the AFPC, Mortgage Advice Qualification and IMC.

High level board

RiverPeak will make use of an advisory board, comprising Parker and Powell alongside Trevor Brown, MD of outsourcing firm Throgmorton UK; Richard Grainger, a senior executive and board member at Close Brothers in the corporate finance and international divisions; and Marianne Hay, a former MD of Morgan Stanley.

MORE ARTICLES ON