Wealth management firm GSB seeks Switzerland expansion [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Yahoo! Finance
Once licensed, GSB Switzerland SA will provide services such as independent private banking, wealth planning, and private finance to high-net-worth individuals, families, corporations, and structures. The Swiss business intends to focus on high-net-worth individuals (HNWIs) and ultra-high net worth persons (UHNWIs) that seek exposure to Switzerland and have financial demands across multiple jurisdictions. By establishing an External Asset Management (EAM) presence in Switzerland, GSB is able to extend its portfolio to include its current HNW and UHNW clients with foreign assets and offer boutique private banking services onshore. Meanwhile, GSB has appointed Russell Hunter, former head of Middle East, Spain, and UK at Schroders Private Bank, to oversee the EAM in Switzerland, pending FINMA permission. Hunter formerly worked as a Coutts private banker in Geneva and a relationship manager at Barclays Wealth and Investment Management in London. Béatrice Kofmehl Hofer has also
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LYG
Sec Filings
- 10/4/24 - Form 6-K
- 10/3/24 - Form 6-K
- 10/3/24 - Form 6-K
- LYG's page on the SEC website