by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Expat Investor : October 2008
INVESTMENT BANKING An investment management showcase from offshore banks Banks are keen to ply their portfolio management skills and compete for all their clients’ business. Here’s an ideal opportunity to window-shop and discover what’s currently on offer from six major players. professional, and also provides an opportunity to gain exposure to less traditional asset classes. LAURA PRESTON Investec Bank (Channel Islands) Investec Bank (Channel Islands) is a distinctive bank that recognises the importance of having deposits available to its clients in a variety of currencies, while our offshore location affords a tax efficient environment for expatriate investors in particular. DAVID STEARN Head of Private Banking, Fairbairn Private Bank The key to Fairbairn Private Bank’s offering is its unique, integrated banking and investment service, Focus, which enables clients with at least £50,000, or currency equivalent, in deposits and investments, to tailor a multi- currency account to meet their specific requirements. The integrated Focus service can embrace many optional investment facilities, ranging from execution- only right through to fully bespoke discretionary services. By combining banking and investment requirements in one unified account, the service can offer a cost-effective and efficient way to manage a client’s financial affairs. When it comes to investments, the bank advocates diversification, and its Strategic Asset Allocation Service (SAAS) offers a cost-effective means to participate in a wide range of investment markets. The SAAS has a minimum entry level of £100,000, or currency equivalent, and targets a real return in excess of risk-free cash interest rates over a three to five year period. 6 EXPAT INVESTOR ? Fairbairn Private Bank believes its clients’ needs are paramount and has won international recognition for its commitment to client service. It places considerable emphasis “By combining banking and investment requirements in one unified account, the service can offer a cost-effective and efficient way to manage a client’s financial affairs. ” on developing close client relationships, and the bank achieves extremely high levels of personal interaction, offering a single point of contact across its wide range of financial services. The company’s latest client survey reported that 100% of respondents were satisfied October 2008 with the speed of answering the telephone and 99% were satisfied with the standard of service they received. As recent news stories have demonstrated, the world of investment is viewed as an increasingly volatile and complex environment, so the importance of diversifying investments has never been more essential. The bank’s SAAS achieves this through asset allocation, whereby a portfolio is split across a number of major asset classes, including: cash, bonds, property, equities and alternative investments (such as hedge funds or commodities like gold or oil). In fact, research over the past thirty years has established that the determination of asset allocation is the main driver and contributor to overall investment gains. SAAS aims to maintain the best performing asset classes based on the risk and return expectations of the investor and the prevailing market conditions. The use of a discretionary asset allocation service can offer the investor peace of mind by passing responsibility for allocation decisions to a qualified investment expatinvestor.com “We pride ourselves on providing a personal service for each individual client, which includes a dedicated Relationship Manager who can be contacted directly by telephone, email and fax rather than through a call centre. ” Investec offers multi-currency high interest savings accounts with a variety of terms, providing increased flexibility for individual investors’ needs and requirements. Our most popular deposit account is the Investec Horizon Account (‘Horizon’), which is available in sterling, US dollars and euro. This 90 day notice account offers clients the reassurance that the variable interest rate will never fall below the UK Bank of England Base rate, the US Federal Reserve Rate or the European Central Bank rate for savers with at least £25,000, US$50,000 or €50,000. Even in a negative yield curve environment, the interest rate will never fall below these central bank rates. Interest is paid quarterly, rather than annually, so clients have the potential to roll- up interest on interest. In addition, the Horizon Account offers a facility whereby the interest can be paid away to another nominated bank account free of charge. For those clients who prefer a fixed rate of return, Investec’s fixed term deposit accounts are available in all the major currencies and range from one month to twelve months. Having our own in-house Treasury team means our clients can also have access to up to the minute money market commentary and discretionary access to high calibre foreign exchange knowledge. We pride ourselves on providing a personal service for each individual client, which includes a dedicated Relationship Manager who can be contacted directly by telephone, email and fax rather than through a call centre. This enables our clients to make informed and profitable decisions at all times.With the majority of Investec’s clients living and working overseas, fast and easy communication is vital. As part of this, clients can securely view their account information online, allowing our clients easy monitoring of their assets in a different time zone. We earn our clients’ trust by offering a flexible approach and a fast response with a high attention to detail. AIDAN DOHERTY Managing Director Kaupthing Singer & Friedlander (IOM) For our entire award winning products, with many at the top of the Moneyfacts best buy tables, the minimum balance is only £10,000. This lower limit allows participation by a wider potential client base, as many other competitors have substantially higher entry limits. The range of deposit products available varies and includes instant access and tracker accounts, available in sterling, US dollars and euros. Kaupthing Singer & Friedlander in the Isle of Man offer a range of fixed deposits accounts in all major currencies, with clients able to take advantage of the very competitive rates available offshore these days. At Kaupthing, we fully respect that customers still require a personal service which they can rely on. Consequently, we have avoided the concept of call-centres