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Expat Investor : May June 2008
Fast Facts 55003 Meet the modern face of private banking How much do you need to earn in order to qualify as a private banking client? As this report shows, probably not as much as you think. Today's offshore private banking is attracting a new kind of expat, and this is the place to check out if you fit the bill for what’s on offer. B OB M OORE Managing Director, Butterfield Bank (Guernsey) The team within Butterfield Bank takes pride in being well placed and professionally qualified to understand the needs of clients and provide solutions for the long-term management of their capital. Our approachable and proactive style ensures that we can tailor-make banking and investment solutions individually for our clients, with their needs paramount. As a guide we would normally request a minimum of £50,000 or currency equivalent for a deposit account. With our discretionary portfolio management service £500,000 and as such Butterfield in turn develops and tailors wealth management solutions to fit. We cater for several market segments and each requires a different product, service and mix to meet their own needs. PRIVATE BANKING Entrepreneurs have flourished in recent years and one of the results of this has been the emergence of the Family Office as an identifiable and growing market segment. would generally be considered the minimum. However, due to the bespoke nature of our approach some flexibility may be available dependent on the specific mandate of the client. In order to deliver the personal service, every client of ours has a dedicated relationship manager who will pro-actively work on their behalf to gain the best out of their ever-changing financial requirements. We aim to meet our clients on a regular basis, as getting to know each individual is fundamental to being able to provide them with the best services and support for their own individual needs. Complementing this service is our internet banking facility, which enables clients to view transactions and balances and initiate instructions 24 hours a day from whatever time zone they are located in. With increased globalisation investors have a wider choice when considering where to deposit or invest and therefore will not only make this decision based on price comparison and service but increasingly on security and stability of the jurisdiction in which the bank is based. In this respect, Butterfield Bank in Guernsey is well placed in an international finance centre with a proven track record. Wealth generation is constantly evolving May/June 2008 ? EXPAT INVESTOR 5 Continued on page 6 “We aim to meet our clients on a regular basis, as getting to know each individual is fundamental to being able to provide them with the best services and support for their own individual needs.” Which industry has dominated the Internet since its beginning? Which industry has grown to over $100 billion in sales per year, yet has only 7 listed companies representing less than 2% of the total industry revenue? Is your investment portfolio built to bene? t from this unique phenomenon? Which industry has over 4.2 million websites yet not 1 globally known brand? Teaser 1.indd 1 16-05-2008 15:17:18
July August 2008