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View the article online at http://citywire.co.uk/wealth-manager/article/a738088

Scoban to lose name as investment manager tie-up talks progress

by Danielle Levy on Mar 10, 2014 at 14:16

Entwistle says the bank will be renamed, with a decision expected by the end of April. As the 25-strong team sets about developing the infrastructure for the bank, he says the aim is to combine traditional service with investment in a strong technology platform, developed by Oracle.

‘We would like to think that in five years’ time, banking will be regarded as a profession once again and bankers can be trusted once again,’ he said.

‘It is not about selling the latest product, it is about looking after the client and their family. This is why we set up Scoban and so many people want to join us and become shareholders.’

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2 comments so far. Why not have your say?

Michael McCroddan

Mar 10, 2014 at 15:50

At last, phew!

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Teddy

Mar 11, 2014 at 13:25

If anyone can do it, Ray can and its good to see that the licence has been granted. That said they need people on board with experience to not only bring clients in but actually make money for the new entity. That will be difficult.

It took Adam & Co around 20 odd years to gather in 8500 or so client so 6000 by year 3 is extremely optimistic in the current climate.

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