Hoare & Co chooses non-family CEO - Spear's Magazine

Hoare & Co chooses non-family CEO

Jeremy Marshall, the former head of UK private banking at Credit Suisse, has been appointed chief executive of C Hoare & Co, the UK’s oldest private bank, in place of current CEO Alexander Hoare who is taking a sabbatical.

Jeremy Marshall, the former head of UK private banking at Credit Suisse, has been appointed chief executive of C Hoare & Co, the UK’s oldest private bank, in place of current CEO Alexander Hoare who is taking a sabbatical.

The appointment marks a huge shift in the way that the 300 hundred year old family run bank is run with Marshall the first non-family member to run the bank. The Hoare family, however, will continue to dominate the board of directors, with eight family members currently serving on the board.

Marshall, who will take up the position on 20 April 2009, began his career in banking at Barclays. After a spell with the Bank of Montreal, he worked for 20 years at Credit Suisse, latterly as CEO of the Private Bank in the UK.

“We are confident that he will bring important skills and experience to the Bank and that he will fully share the Bank’s values and its commitment to customers and staff. The appointment is subject to the necessary approvals from the Financial Services Authority which are being sought,” said Hoare.

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