Rothschilds scoops Speechly partner to head trust business

Rothschild Private Banking and Trust has appointed former Speechly Bircham partner Andrew Penney as a managing director and head of the trust business’s London office.

This marks a return to the company for Penney, who spent six years at Rothschild Trust before joining Speechly Bircham in 2001.

Penney, who worked in Speechly Bircham’s private client practice, will focus on building relationships with Rothschild Trust’s existing international clients as well as developing new client relationships.

Penney has experience of working with clients from a wide geographic area including Latin America, Russia, Eastern Europe and India. His areas of expertise include structuring the affairs of clients moving between jurisdictions, estate planning for Americans living in the UK and advising families whose wealth derives from private equity, hedge funds, media, fashion and property.

Richard Baldock, executive vice-chairman of the global trust business at Rothschilds, said Penney’s addition underlines the company’s commitment to devising wealth planning strategies for wealthy individuals, entrepreneurs selling their businesses, families, trusts and charities from around the world.

Meanwhile, Speechly has made up Mark Summers as an international tax and trusts partner within its private client department. Summers, who joined the firm in 2004, takes up the post on 1 November.