Wealth management
Private Banking
RBS and NatWest have the largest market share of affluent current account holders and in the past three years have seen a 30% increase in the number of customers who earn over £100,000. Private Banking has been re-launched to meet the needs of this customer group with dedicated relationship managers, and 24 hour telephone support.
- Coutts & Co is the leading private bank in the UK and strengthened its position with income growth of 20% and a 9% increase in customer numbers. Coutts has continued its regional expansion and now has 23 offices in the UK.
- Coutts International has a network of offices in Switzerland and a presence in selected jurisdictions around the world. In 2006 the headquarters for this business was moved from Switzerland to Singapore.
- Sustained investment in Asia has seen Coutts grow its client base by 13% and revenues in the region by 24%.
- Working with GBM we have enhanced our derivatives and FX capacity which is proving attractive with ultra high net worth clients elsewhere in the world.
- RBS International is one of the largest UK offshore banks with 39 offices across the world in nine jurisdictions and achieved double-digit income and profit growth in 2006.
- RBS International launched a new internet banking service, i-banking, providing an online personal multi-currency, multi-jurisdiction service with access to international and same-day UK payments.
- Adam & Company have five offices in the UK and one in Guernsey, and achieved a 14% growth in income, its twelth successive year of double-digit income growth.
