Kleinwort Benson and Hambros Teams Come Together in Newbury
10 March 2017
10 March 2017 Teams of private bankers from Kleinwort Benson and SGPB Hambros are coming together in Newbury’s Northcroft Lane as the Kleinwort Hambros brand is launched.
Kleinwort Hambros, the new private banking brand name, combines Kleinwort Benson and SGPB Hambros. The move follows the purchase of Kleinwort Benson by Societe Generale in June 2016, and its subsequent merger with SBPG Hambros to consolidate Societe Generale’s private banking activities in the UK, Channel Islands and Gibraltar.
The new brand Kleinwort Hambros will bring together senior bankers from both companies. The local team is headed by Rebecca Constable and includes Daniel Way and Jeremy Hill, and their assistants Julie Brine and Nigel Mcallen, all SGPB Hambros. Richard Stanwell, head of UK teams for Kleinwort Benson, will continue to work from Newbury. He is assisted by Catherine Whyle.
Based in the former office of Kleinwort Benson, which has been refurbished to accommodate everyone. The combined team will continue to provide banking and investment services for clients in Newbury and Berkshire. It will also continue to look after clients from the South West of England including Oxfordshire, Buckinghamshire, Gloucestershire, Somerset, Wiltshire, Warwickshire, Devon and Cornwall.
Paul Kearney, Head of Private Banking at Kleinwort Hambros, said: “The merger of SGPB Hambros and Kleinwort Benson is a significant step in the history of two well-established names in private banking, which can trace their roots right back to around the beginning of the 1800s.”
He said the private bank was committed to providing wealth management services to clients in Newbury and surrounding areas, and that both companies were reaping the benefits of a combined product range. “The merger of Kleinwort Benson and SGPB Hambros is moving swiftly, benefiting enormously from the fact that we had shared history, values and a similar approach to clients. We are looking forward to continue to be a significant force in the area with a distinctive new brand.”
Kleinwort Benson, in particular, has a long history in Newbury with a presence which dates right back to the Second World War when the Kleinwort Estate was in Gloucester and Newbury was seen as the perfect location between Gloucester and London. The private bank was also home to Newbury’s largest workforce during the 1980s before its head office was moved to London.
The combination of companies behind the brand Kleinwort Hambros provides high net worth clients with a range of banking services. In addition, it provides a range of investment products including discretionary, advisory, structured and alternative, a bespoke trading platform, and a dedicated funds research team. In addition, there is a range of lending products, with lending for specialist items including yachts and planes.
For further information, contact Anita Turland, media relations manager, Kleinwort Hambros, on 07769 682373 or 0203 207 7192 or email firstname.lastname@example.org.
Kleinwort Hambros is the wealth management arm of Societe Generale Private Banking in the UK, Channel Islands, and Gibraltar. It combines the two award-winning* brands, Kleinwort and Hambros. With assets under management of £16bn and over 1,000 employees, Kleinwort Hambros has offices in London, Cambridge, Newbury, Leeds, Edinburgh, Guernsey, Jersey and Gibraltar.
Established in 1786 and 1839 respectively, Kleinwort and Hambros and have been helping clients create, conserve and growth their wealth for over 200 years. Today Kleinwort Hambros provides its clients with comprehensive wealth management and private banking services including investment management, financial planning, banking services, trusts and family offices. It also provides mid-corporate advisory services.
*SGPB Hambros was named "Best Private Bank in the UK Crown Dependencies" by Private banker International. The award celebrates the best among the private banks that are successfully serving wealthy clients in Jersey, Guernsey. Kleinwort Benson was winner of the Investment Team of the Year 2016/7 (STEP), High Growth Strategy investment performance award 216 (PAM), 2016 Investment Performance ‘Aggressive Portfolio’ 2016 (Citywire), and Best Cautious Portfolio Winner 2015 (Portfolio Adviser).
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.