Date opened: In March 2007 the Kleinwort Benson private banking office was formally launched. In January 2010 SGPB Hambros opened an office in Newbury. Ten years after the launch of Kleinwort Benson’s office, in January 2017, the two offices were combined under the Kleinwort Hambros brand.
Average portfolio size: £3 million plus (£1 million - £30 million)
Bullish/bearish: Moderately bullish
AUM: £16 billion (group)
Number in team: 8
Top stock and fund picks:
Hermes Asia Ex Japan
BlackRock Continental European Flexible
Liontrust UK Growth
Q&A with Rebecca Constable, director or private banking, Kleinwort Hambros, Newbury (front centre below):
What is your typical client demographic?
Aged 40-70, a wealth creator who is seeking expertise to protect the real value of their wealth. We work with them to manage their investments, including ISAs and pensions, transfer of wealth and we offer short-term cash flow credit secured against portfolios at competitive rates. Increasingly, we find our clients are more and more aware of the benefits of charitable giving.
What differentiates your region?
Communications allow a fast growing economic zone, conducive for incubating start-ups right up to the European headquarters of international companies. Great quality of life, as well as a thriving business community. Newbury is the gateway to Birmingham and the Northern Powerhouse.
What challenges are facing your local area?
Congestion on the road network, requirement for better connectivity from Reading to Heathrow, uncertainty of Brexit and intermittent broadband on train lines and rural areas.
What’s the best thing about living in your region?
A dynamic and positive business community, a beautiful place to live, with a relatively easy commute to London, Oxford, Southampton and Reading.
What is your office motto?
Together everyone achieves more.
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