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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.”

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