The former chief executive of UBP London, Brett Lankester, is leaving to take a role at private equity fund manager Hanover Investors, thewealthnet has learnt.

Mr Lankester became UBP’s London chief executive in 2018, following the Swiss private bank's acquisition of investment manager ACPI, which he headed at the time.

However, he resigned from UBP's top London role earlier this year, returning to a more client-centric job and making way for Frédéric Lamotte, who came from Indosuez Wealth Management in Miami.

UBP said during this handover that Mr Lankester had played a key role successfully integrating ACPI teams and “contributed to significantly stepping up UBP London’s activities”. This included the acquisition of Jefferies’ private wealth management business in the UK.

Mr Lankester had joined ACPI in 2007 as managing partner, before becoming chief executive in 2009, with responsibility for the organisation’s private wealth management and global distribution functions. Previously, he was with Goldman Sachs for 14 years, latterly as managing director and head of the UK private wealth division.

A spokesman for Hanover Investors declined to comment. The firm describes itself as a specialist investment manager operating in under-analysed and illiquid markets.

It presently invests via the Hanover Catalyst Fund, which is focused on high-conviction and heavily-researched investments in small cap securities in the UK and Nordic markets and the Hanover Active Equity Fund II which uses data-led research to identify complex stakeholder situations and under-researched businesses with value potential.