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Coutts seeks a buyer for its £11m Fleet Street home

Private bank Coutts has put its Fleet Street branch on the market, according to reports.

The bank, which is owned by the Royal Bank of Scotland (RBS), is hoping to sell the branch for £11 million and has instructed DTZ to find a bidder for the property.

According to The Times, Coutts wants to reduce its presence in the capital by trimming its seven branches down to two, though it will keep its site on the Strand, located nearby.

The move follows the private bank and wealth manager's international head denying that Coutts would go on the market as part of RBS' ambition to slim its balance sheet.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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