Fairbairn Private Bank is to be the first British offshore island bank to be granted a banking and investment licence by the FSA.
The bank, which has offices in the Isle of Man, Jersey and South Africa, is the first example of its kind to open its doors to clients in London, said the firm. Accountholders throughout the UK will now be able to access its full range of products and services, the bank added. Greg Horton, managing director at Fairbairn Private Bank, said: “We believe our innovative international offering will be attractive to the growing number of UK-based high net worth individuals and allow us to succeed in what is a highly competitive market.” He added that the company’s continued growth provides emp...
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