MORE than 100 people helped Kleinwort Benson mark its official launch in the Isle of Man as the ‘bank for entrepreneurs’.
Joining the staff and management of the bank at a special party at Portofino Restaurant was managing director, offshore businesses, Mark Bright.
He was joined by other members of Kleinwort Benson’s executive committee, Stephen Rothwell head of wealth management and Guy McGlashan, head of strategic development, who were attending the event to meet Isle of Man-based clients and intermediaries.
Kleinwort Benson’s acquisition of the Close Offshore Group (“Close”) was completed last summer and comprised Close’s offshore private banking, fund administration, fund management, trust and asset management businesses. ‘The acquisition of Close Offshore Group (Close) was in keeping with our strategy of developing our onshore and offshore capability, and becoming the bank for entrepreneurs,’ said Mr Bright.
‘This launch event formally establishes Kleinwort Benson’s place in the Isle of Man finance industry.
‘To have a presence here both enhances and consolidates our position in the offshore market place, adding scale to our banking and fiduciary businesses.
‘Getting to know the team on the ground here, I can see how much scope and opportunity there is to grow and develop our client offering.
‘One of the key areas of growth for the Isle of Man is e-Gaming, which is an industry that is entrepreneurial by nature and therefore a sector that we can support as a bank, wealth manager and trusted adviser.’
In the Isle of Man, Kleinwort Benson is the registered trading name of both Kleinwort Benson Bank (Isle of Man) Limited and Kleinwort Benson Trustees (Isle of Man) Limited, and offers banking, fiduciary, trustee and custodian services.
It has access to the range of products and services offering through its Channel Islands and London offices.
Lesley Corlett, head of Kleinwort Benson in Isle of Man, said: ‘Kleinwort Benson is both innovative and dynamic in its approach to banking, fiduciary and custodian services, and is a welcome addition to the Isle of Man. ‘As a new name in the Isle of Man market, it is an exciting time for us as we work with clients, intermediaries and the wider finance industry to promote Kleinwort Benson as the entrepreneurs’ bank.’
Kleinwort Benson is one of the most historical names in British private banking with roots dating back to the 1790, and provides a range of bespoke wealth management services to private individuals.
With an offering spanning investment management, tax and banking, trust and fiduciary services, Kleinwort Benson operates from offices in London‘s West End, across the UK and Channel Islands.
Kleinwort Benson is also a leading provider of fund administration services. As one of the first major banks to have established in the Channel Islands 50 years ago, it is consistently ranked as one of the top ten providers of administration and custodian services, working with fund managers across a wide range of traditional and alternative asset classes.
