Retail Markets – Wealth Management
Above: We have recently re-branded our Coutts International branches, such as this one in Singapore to RBS Coutts. This allows us to draw on the strength of the global brand.
Below: Asia-Pacific is an increasingly important region for Wealth Management. In 2007, we saw a 27% rise in customer numbers.
Highlights
- Coutts’ UK customer numbers rose by 7%.
- 11,000 clients worldwide invest more than £8 billion in securities markets using Coutts & Co’s Discretionary Investment Management Scheme.
- Euromoney ranked Coutts & Co Best in the UK for Super Affluent and High Net Worth clients.
Contribution (£m)
Wealth Management delivered strong organic growth, reflecting our brand strength, product portfolio and geographic reach. There are significant, long-term opportunities in this market, with the wealth of the world’s High Net Worth Individuals forecast to reach US$51.6 trillion by 2011, growing at an annual rate of 7%.
Coutts’ UK regional expansion programme continued and outside the UK, momentum was maintained particularly in the Asia-Pacific region. From the beginning of 2008 we have re-branded Coutts International as RBS Coutts to draw on the global brand strength of the Group.
As part of our partnership with the Bank of China, our new joint private banking initiative opened for business in Beijing and Shanghai in March.
Coutts & Co launched its first financial education programme for children of clients in July 2007. The 2½ day Assets & Responsibilities Course was designed to engage young people in wealth management and empower them to become financially successful.
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© 2008