Recent Press Releases

Kleinwort Benson, one of the most historic names in the City of London and with origins in merchant banking dating back to 1786, is pleased to announce that its change of ownership, from Commerzbank AG to RHJ International SA (RHJI), is now complete.  The completion sees the formation of a new financial services group under the holding company KB Financial Services Holdings Limited.  more>>

Jeremy Beckwith, Chief Investment Officer at Kleinwort Benson, one of the UK’s leading private banks, has recognised the achievements of the new Coalition Government’s first budget, but likened it to that of an anaesthetic, with more pain to follow. He commented: "At first sight, the Chancellor has adroitly managed .......

UK and Channel Islands private bank and wealth management group Kleinwort Benson announces today that RHJ International SA ("RHJI") has received approval from the Financial Services Authority ("FSA") to become its new controller.  This is a major landmark in the organisation’s sale process as RHJI prepares to take ownership of Kleinwort Benson from Commerzbank AG. more>>

The Kleinwort Benson Group announced today the achievement of its first creditrating as a stand alone entity. The independent credit rating takes Kleinwort Benson a critical step closer to becoming the UK and Channel Islands’ leading wealth manager and financial services provider. more>>

Jeremy Beckwith, Chief Investment Officer at leading UK and Channel Islands private bank and wealth management group, Kleinwort Benson, today comments on [1]what is likely to be Alistair Darling’s final Budget. "With a General Election around the corner this was a Budget of little economic significance, not only because it is likely to be superseded by a Summer Budget from the incoming government, but also because all of the announcements were (by Treasury standards) of very little significance. more>>

Leading UK and Channel Islands Private Bank and Wealth Management group Kleinwort Benson has been shortlisted in the 2010 ’FT and Investors Chronicle Wealth Management Awards’, in two separate categories. Having won the distinction of ’Best Private Bank 2008’ in the Awards’ inaugural year, Kleinwort Benson has once again been shortlisted for this most prestigious of accolades, recognising the Bank that offers its customers the most outstanding tailored banking services.  As well as its nomination for ’Best Private Bank 2010’, more>>

The appointment of Michael Barnier as the EU Internal Market Commissioner has raised concerns that a tough regulatory regime will be imposed on the City, curbing bonuses, restricting the activities of banks and creating a new supervisory framework for private equity and hedge funds.  And with the threat of the AIFM Directive looming, the Financial Services industry "needs to engage".  That is the considered view of Syed Kamall, one of the Conservative MEPs responsible for reviewing the EU’s proposed regulations and directives in the European Parliament. more>>

Kleinwort Benson Entrepreneurs Survey reveals heavy investment amongst SMEs in their online presence

Kleinwort Benson, the leading UK and Channel Islands private bank and wealth management group today published findings from a new survey of entrepreneurs.  The research shows the extent to which confidence amongst small and medium sized enterprises has been dented by the recession and suggests that many SMEs are looking to build their online presence as they work to cut running costs and use marketing budgets more efficiently.

Jeremy Beckwith, Chief Investment Officer at Kleinwort Benson today gave his considered reaction to the Pre-Budget Report: "The Chancellor lived down to low expectations and delivered a PBR that proved to be something of a damp squib, containing little of economic or market significance apart from boiler makers and bingo halls.  more>>

The Foot Report "rightly highlights the symbiotic relationship the UK economy enjoys with the Crown Dependencies and overseas territories", says Joe Truelove, Head of Business Development for Kleinwort Benson’s Corporate Clients Department, Guernsey. more>>

"Today, people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long term asset, one that pays virtually nothing and is certain to depreciate in value over time" Warren Buffett October 2008.

Bear markets end either in panic or in indifference. In the UK, the long 2000-2003 equity bear market ended in a panic with the market falling 12% in 7 trading days, as the FSA ordered a major life assurance company to reduce its weighting in equities.

Historic banking brand to stay. CEO enthusiastic about plans for the future.

Kleinwort Benson, the leading UK and Channel Islands private bank and wealth management group, today welcomes the news that a conclusion has been reached on its sale and confirms that the historic and revered wealth management brand is here to stay.

Kleinwort Benson’s Private Fiduciary team has been shortlisted for an award at the prestigious Society of Trust and Estate Practitioners (STEP) Private Client Awards 2009/10.

The bank is one of four companies shortlisted in the "Institutional Trust Company Team of the Year" award.

Wealth managers Kleinwort Benson are holding their Spring Wealth Forum for clients in Scotland, at the GeorgeHotel in Edinburgh on Friday. more>>

Kleinwort Benson has been developing its business leaders of the future.

Two members of its Jersey staff have successfully completed the bank’s in-house programme, "Talent 4 Leadership" (T4L), graduating with flying colours.

In difficult times we all need to evaluate where our business comes from and to investigate unexplored territory.  Sue Stockdale heads up the London chapter of the Women Presidents’ Organization (WPO) and is always seeking new ways to support the London-based group. more>>

The choice of charities to benefit from this year’s Itex Walk has given one team added motivation to put their best foot forward on 20 June.

Kleinwort Benson has rewarded one of its trust directors for her outstanding performance in professional examinations.

Kristan Martin has been announced as the recipient winner of the bank’s David Prince Award in recognition of her achievements in the Society of Trust and Estate Practitioners (STEP) exams. more>>

Guernsey will be hoping for re-run of last year’s success at the 2009 Kleinwort Benson Yacht Challenge.

Taking place on Saturday 27 June, this year’s race will start in Jersey at the St Helier Yacht Club line by La Collette, and finish in Guernsey at the Guernsey Yacht Club Castle Cornet line.

Kleinwort Benson confirmed today that, as a result of the European Commission’s decision on the German government’s capital injection into the Commerzbank Group, it will be one of the Group entities to be sold.

Kleinwort Benson has been in discussions over the last few months with parent Commerzbank as to the best solution ....

 Addressing investors at a Wealth Management Forum in Central Birmingham, Jeremy Beckwith, Chief Investment Officer at Kleinwort Benson, one of the UK’s most renowned and respected private banking and wealth management groups,......

Kleinwort Benson, recently shortlisted for the Best In-House Tax Team in this year’s LexisNexis Taxation Awards, today acknowledged that the 2009 Budget was set against a very difficult economic backdrop, and the measures introduced are reflective of this. more>>

Jeremy Croysdill has been appointed as Head of Tax Services.  He has been with Kleinwort Benson since 2005, most recently as part of the Product Advisory team, and in his new role is responsible for the newly unified tax function at the renowned private bank. more>>

Kleinwort Benson is delighted to announce the appointment of Chris Burton as Head of Private Wealth Management ("PWM") International. more>>

Kleinwort Benson’s Edinburgh operation has been strengthened with appointment of Gordon Scott, who will head up the office of the leading private bank with responsibility for both the Scottish and Northern Irish markets. more>>

The closing of the complete sale of Dresdner Bank to Commerzbank took place yesterday evening, 12 January 2009. more>>

Kleinwort Benson, recently voted Best Private Bank 2008 , has celebrated it’s 45^th Anniversary in the Channel Islands by holding two concerts for staff and clients...