French financial group Société Générale has launched Kleinwort Hambros, its new UK private bank that gathers Kleinwort Benson and Societe Generale Private Banking Hambros. Kleinwort Hambros has £16bn (€18.6bn) in assets under management and is established in London, Cambridge, Newbury, Leeds, Edimbourg, Jersey, Guernesey as well as in Gibraltar. This move follows the acquisition of Kleinwort […]
Kleinwort Benson Investors International (KBII) has opened the doors to its third US office – in Boston, Massachusetts. The Dublin-based asset manager has taken a five year lease on 1,677 square feet of space on the 36th floor of One Boston Place, one of the City’s most iconic buildings. KBII opened its first US office […]
JTC has announced the completion of its acquisition of Kleinwort Benson’s Fund Administration business, which will add to its own operations in the Channel Islands, as well as provide presence in South Africa. JTC assets under administration will rise to $56bn following the deal, and enable it to provide further services in areas such as […]
The proof of the pudding is in the eating. In spite of volatility, European risk assets have been one of the bright spots on the investment horizon this year. The Eurofirst 300 equity index is up about 15% in this period. The market, while nervous about Greece and possible contagion risks, recognises that this is […]
JTC, the provider of fund services with over $40bn of assets under administration, is buying Kleinwort Benson’s funds administration business based in the Channel Islands and South Africa. The deal covers KB’s business in Guernsey, Jersey, while it will facilitate JTC’s access to its first permanent presence in South Africa. JTC’s global headcount will increase […]
Ireland’s Kleinwort Benson Investors has announced a number of investment mandates and has entered into a strategic alliance with Virtus Investment Partners to develop business interests in the $13 trillion US mutual fund investment market.
World equity markets saw in the New Year with an exuberant bounce on the back of an 11th-hour agreement between the major US political parties to both raise taxes and cut social benefits, but already investors are questioning whether the deal is enough.
Kleinwort Benson has announced two appointments to its offshore private wealth management business.
SLI appoints three fund selectors, LGIM recruits head of global rates from Aberdeen, Investec hires clean power adviser, Mercer recruits retirement specialist from rival, Towers Watson merges investment research teams.
The independent distributor offers smaller managers a route into Germany – Europe’s most fragmented and expensive market – and there are other reasons third-party marketers are effective for new funds.
Kleinwort Benson has completed its £26.4m purchase of the Close Offshore Group (COG) subject to post closing adjustments.