Singer & Friedlander Private Banking has launched an expatriate banking division focusing on foreign...
Singer & Friedlander Private Banking has launched an expatriate banking division focusing on foreign nationals working and living in the UK.
The new arm is to be headed by Darren Arman. He is to be supported by Richard McAdam and Alex Eichhorn, and the team will focus on developing the private bank's offshore lending loan book.
It will sit alongside the existing domestic and international private banking teams within Singer & Friedlander's private banking division.
Singer & Friedlander Private Banking was established in 2000 and has since built a loan book of £350m in London and the Isle of Man.
The international private banking section in the bank focuses on lending to high-net worth clients who have substantial loan needs - such as if they want to buy overseas residential property.
The team also offers financing structures for HNWIs who want to purchase specialist luxury yachts.
The domestic private banking team focuses on lending to HNW UK nationals, typically to asset-rich entrepreneurs and professionals.
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