The private bank and wealth manager confirmed on Thursday that Barnett (pictured) will vacate his post from 1 July this year and will be replaced by current commercial director John Maitland.
Barnett will remain chairman of the Kleinwort Hambros entities in the Channel Islands and a member of the firm’s board.
He was appointed CEO of SG Hambros back in 2007 and continued on in the chief leadership role after it merged with Société Générale’s other private banking group Kleinwort Benson in November 2016.
Maitland will be succeeded by the firm’s head of UK private banking, Paul Kearney. He first joined the bank in April 2011 from the family office he helped found, Karrig Strategic Capital. Using his team and clients from Karrig, he helped establish the firm’s private investment office.
Rounding out the management reshuffle, secretary general, Gabrielle Branson, and CIO and co-head of wealth management solutions, Mouhammed Choukeir, will be promoted to deputy CEOs of the firm.
The appointments are still pending local regulatory approval.
