Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Jamie MacLeod’s big plan for a new Bordier & Cie era

by Danielle Levy on Mar 19, 2014 at 07:00

‘Bordier is one of the largest private banks in Switzerland and it has a good name and reputation. The reaction from introducers and clients has been superb and I am glad we are doing it now. In listening to their reaction, maybe we should have done it a while ago.’

The business will retain its focus on investment management, although the two entities will have slightly different propositions.

The proposition for UK-based international clients is under consideration but is likely to comprise multi-currency portfolios, a family office service for those with around £25 million of deposited assets, and an international booking centre.

Subject to regulatory approval, international clients will gain access to Bordier’s direct global equity service, alongside collectives that are researched by a team in Geneva. The existing proposition for Berry clients and charging structure will not change after the business is revamped.

MacLeod said there were no plans to launch a financial planning service for domestic clients, while international clients may be able to seek wealth planning services within the broader group.

Berry has £850 million in assets and is part of the broader £7 billion Bordier & Cie group.

The decision to launch the new business will require some investment by Bordier, MacLeod acknowledged. ‘Investment is going to be significant in pounds, people and infrastructure. We have a leverageable business because of our tie-up with SEI.’

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet