Mon, 24/02/2014 - 14:06
Independent international private banking group Bordier & Cie is to establish a London office.
Bordier & Cie (UK) Limited is expected to open its doors for business within six months and will incorporate two divisions.
The Geneva-based bank’s existing London business, Berry Asset Management, will evolve as the UK facing division and cater for existing clients, with a multi-disciplinary team to be recruited for a new division, which will cater for the needs of resident non-domiciled and international clients.
Bordier & Cie (UK) Limited will operate from Berry’s existing offices on Pall Mall, with Berry Asset Management chief executive officer Jamie MacLeod and chairman Jamie Berry appointed CEO and chairman respectively of the new operation. The plans are subject to FCA regulatory approvals.
MacLeod, who has led Berry Asset Management over the course of the last three years, will also join Bordier & Cie’s most senior executive team in Switzerland.
MacLeod says: “With the support of a great team, we have achieved a significant amount at Berry over the course of the last three years. We relocated the business from Chelsea Harbour to Pall Mall, bringing us closer to our clients, to investment intermediaries and our introducers, and established a strategic administration partnership with SEI, a world leader in administration services. We have developed a comprehensive suite of wealth management services to meet the needs of the ultra high new worth, the mass affluent, trusts, pension funds and charities, and have continued to innovate. Today our assets under management stand at an all-time high.”
MacLeod will lead a significant recruitment programme across a number of disciplines, including an international CEO or head of business and a team of relationship managers.
Grégoire Bordier, partner at Bordier & Cie, says: “This opportunity is a major strategic initiative for the Bordier Group, and I am delighted that the two ‘Jamies’ have committed to building our proposition in the UK.”
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