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Close Bank consolidating under one offshore brand

Close Private Bank is consolidating its operations in Jersey, Guernsey and the Isle of Man, under the new brand of Close Private Bank Group of Companies.

The firm claims that the move will give clients better choice and access to products, improving efficiency for IFAs and their clients.

The group will operate across five service divisions under the brand within three jurisdictions – banking, investment management, trustee, pensions and custody services.

CPB group of companies director of products and services Rex Cowley says: “This strengthens our position as an international financial services provider, enabling us to deliver services which are focused on satisfying the customer’s needs. This consolidation will enable us to punch above our weight in the marketplace.

“Our conundrum was how to promote all the various offerings, so we have focused on a bottom-up strategy that gives consistent approach and service, drawing on the strengths of each centre.”

CPB group of companies managing director Andrew Henton says: “This move represents the next step in our evolution and allows us to leverage off the combined expertise in all three jurisdictions.”


Cavanagh turnover doubles

Cavanagh Group has announced an operating loss of 2.5m in its final results for the year ending December 2004. This takes into account the acquisition of Ernst & Young Financial Management. Turnover more than doubled compared to 2003 reaching 10.4m.

Post election upsurge in the mortgage market predicts Purely Mortgages

Purely Mortgage predicts a post-election upsurge in the mortgage market and a recovery in the market over the next few months.But Purely warns customers not to wait to remortgage their homes for emotional rather than rational reasons.Purely Mortgages marketing director Ian Giles says there are people definitely looking at remortgaging or purchasing but are deferring […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]


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