Kleinwort Benson regional expansion continues with Newbury office expansion

19th April 2007

Kleinwort Benson, the provider of banking and financial services to corporate and private clients in the UK and Channel Islands, is pleased to announce the expansion of its Newbury office. The office will now offer local wealth management services to private clients in the area. An event to celebrate the launch of private client services from the office in Newbury will be held at Highclere Castle today.

The bank’s development of a regional network will cater to the increasing market for wealth management outside the London area and forms part of a strategic review undertaken in 2006, resulting in a redefinition of the business into two distinct lines - private wealth management and corporate fiduciary and intermediaries - to better serve the different needs of private and corporate clients. The Newbury expansion follows the March launch of Kleinwort Benson’s Manchester office.

The Newbury office will provide an extensive offering to local individuals, ranging from banking, fiduciary services and investment management advice to enterprising initiatives, including tax-efficient structured products, SIPPs and absolute return investments. The aim is to assist in creating a bespoke wealth management solution.

The office will initially be staffed by Senior Private Banker Andrew Wimble and Private Banker Joe Davies, who have extensive experience in the wealth management business in Newbury. They will shortly be joined by Rebecca Constable. The team join an existing tax advisory team in the office, which is headed by Peter Stevens.

Robert Taylor, CEO of Kleinwort Benson, said: "Kleinwort Benson is delighted to continue our regional expansion into the Newbury area, as we are dedicated to providing a bespoke service to meet our clients’ needs countrywide".

Press enquiries:       Rachel Butler                              +44 20 3207 7239