Isle of Man's Duncan Lawrie makes key appointment and Nedbank Private Wealth continues to grow.
Duncan Lawrie strengthens Isle of Man team
Duncan Lawrie Private Bank has strengthened its Isle of Man senior management team with the appointment of Gillian Ralston Jordan. Appointed as Head of Fiduciary Services, Ralston Jordan will be responsible for a team of accountants and administrators who service the bank’s internationally diverse client base.
With over 25 years’ experience, Ralston Jordan has previously held roles with a number of international financial services companies, including The Royal Bank of Scotland, vice president and general ,anager of Bank of Bermuda’s Private Client Services and as a director at Ernst & Young Trust Company.
Commenting on the appointment, Nigel Gautrey, managing director at Duncan Lawrie Private Bank, Isle of Man said:
“We are experiencing real growth on the Island and are highly committed to our local and international client base. We are expanding our services over the long term and Gillian’s legal background and work in international private client fiduciary services will be a huge asset.”
Nedbank Private Wealth posts good growth
Nedbank Private Wealth, formerly Fairbairn Private Bank, has announced year-on-year profits growth after tax and exluding one-off revenue factors of 15% for 2012. Signs for the first quarter of 2013 are equally encouraging. Greg Horton, managing director of Nedbank Private Wealth reported that total holdings on its integrated banking and investment platform, Focus, were up a further 6% in the first quarter of 2013, having comfortably passed through the £2bn mark.
Horton sees the driver for this growth as being the bank’s consistent profile of success and its strong reputation for integrity and excellence of client service.
“We have never lost sight of the fact we exist to serve our clients, not ourselves, and, throughout these difficult economic times, our commitment and passion has never wavered in this regard. Our offering and execution has remained strong throughout and as wealth managers and bankers to our clients, we have continued to deliver attractive risk-adjusted returns and provided a secure home for their wealth.”
Slow progress in improving diversity
Share purchase deal with assets of £28m
Came into effect in January
Three examples of compensation rule issues
Buying in baskets