private banking

Combined business to be called Kleinwort Hambros

Alex Schlich, senior fund manager in the UK equity team at Sanlam FOUR, believes seven years after the crash, RBS is once again a bank worth investing in

Boost for private client team

The first new private bank in the UK for over thirty years has officially launched, after gaining approval from regulators.

HSBC's chairman has said the bank "deeply regrets" the "unacceptable" practices within its Swiss private bank which allowed clients to avoid tax, and plans to sell off parts of the business following disappointing 2014 results.

Smith & Williamson posted record profits for the six months to 31 October last year, helped by the performance of its investment management division.

Investor sentiment warmed towards Japanese equities and gold in January, while attitudes to most other asset classes declined, a Lloyds Private Bank survey has revealed.

HSBC Private Bank's Roberto Islas has joined Bordier to lead its new international desk.

David Muncaster has joined specialist asset manager Bordier (UK) to lead its commercial activities.

Brown Shipley is seeking to take on more staff and may look to make acquisitions after strong growth for the business in 2013.