In 2015 The Royal Bank of Scotland plc announced the sale of the internationally managed private banking and wealth management business of Coutts & Co Ltd (a company registered and headquartered in Switzerland) to Union Bancaire Privée. The sale included the Coutts & Co Ltd private banking business managed from Switzerland, Monaco, Singapore and Hong Kong. Any residual positions retained in Coutts & Co Ltd, have been, or are in the process of being, wound-down.
An extensive client communication exercise has been carried out to facilitate the closure of the international offices of Coutts & Co Ltd.
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