The chairman and founder of Lowenhaupt Global Advisors, Charles Lowenhaupt, has stepped down as chief executive and has been replaced in this role by the multi-family office's chief operating officer, Mark Brown.

The chairman and founder of Lowenhaupt Global Advisors, Charles Lowenhaupt, has stepped down as chief executive and has been replaced in this role by the multi-family office's chief operating officer, Mark Brown.

As chairman, Lowenhaupt, 67, will continue to help set the strategic direction of the firm and will continue working with clients, as well as writing and participating in industry leadership forums, the St Louis, MO-headquartered firm said today. 

Brown has been COO for the past eight years and has 25 years of experience in the financial services industry. Previous roles include senior vice president at Bank of America; senior vice president at Banc of America Capital Management; and assistant vice president at Boatmen's Trust Company.

At Lowenhaupt Global Advisors, he oversees a team of over 25 professionals in offices in St Louis, New York, Miami, FL, and Sydney, Australia.

“Mark Brown is an exemplary leader in every respect and is one of the nation’s most knowledgeable family wealth executives, with experience building and managing our five single-family offices,” said Charles Lowenhaupt.

The firm told Family Wealth Report that a successor for the COO role has yet to be named.

Lowenhaupt Global Advisors provides advice on family wealth transfer, taxation, estate planning and probate, investment portfolio allocation and business structuring.