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CIO Blog: Red Alert?
The world has seemingly been on the brink for months, if not years.
Markets
The world has seemingly been on the brink for months, if not years.
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CIO Blog: May in June
UK Snap Election Announcement
Markets
UK Snap Election Announcement
en/the-hub/the-hub-details/news/cio-blog-may-june/
Market Pulse Q2 2017
The latest edition of our quarterly update - Market Pulse
Markets
The latest edition of our quarterly update - Market Pulse
en/the-hub/the-hub-details/news/market-pulse-2017-1/
Weekly News Bites: Bringing down the house
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-bringing-down-the-house/
Weekly News Bites: A picture of health
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
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Weekly News Bites: Spin doctors
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-spin-doctors/
Weekly News Bites: Blank of England
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-blank-england/
Earnings growth returns, but for how long?
US equities and past precedent
Weekly News Bites: Macron and the big cheese
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-macron-and-the-big-cheese/
Weekly News Bites: Facing the music
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-facing-the-music/
Does it matter which way the vote goes?
Left or Right? Is there a pattern?
What’s love got to do with it?
Our Valentine's special
Weekly News Bites: Free as a bird
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-free-bird/
Weekly News Bites: All's fair in love and currency war
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-all-fair-love-and-currency-war/
CIO Blog: Tails of the Unexpected
What could 2017 have in store for us?
Markets
What could 2017 have in store for us?
en/the-hub/the-hub-details/news/cio-blog-tails-the-unexpected/
Weekly News Bites: Pretty offal
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
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Thinly spread
Are bonds expensive?
Markets
Are bonds expensive?
en/the-hub/the-hub-details/news/thinly-spread/
How one mum’s online safety crusade turned into a thriving business
Stella James, founder of Gooseberry Planet, explains why she decided to develop a game to teach children about the...
Entrepreneurs
Stella James, founder of Gooseberry Planet, explains why she decided to develop a game to teach children about the dangers of cyberspace
en/the-hub/the-hub-details/news/how-one-mumes-online-safety-crusade-turned-into-thriving-business/
Weekly News Bites: Swearing in
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
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Market Pulse Q1 2017
The latest edition of our quarterly update - Market Pulse
Markets
The latest edition of our quarterly update - Market Pulse
en/the-hub/the-hub-details/news/market-pulse-2017/
Weekly News Bites: Sparks Flying
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-sparks-flying/
Seven again
Tuesdays, according to a 2009 report, are by some margin the rainiest days of the week in Manchester. Since the clouds...
Insights
Tuesdays, according to a 2009 report, are by some margin the rainiest days of the week in Manchester. Since the clouds have no notion of which day it is this must be the result of chance. Years ending with a seven have since 1900 produced dreadful returns from US equities: the compound capital return from the eleven years in question is -48% or -5.8%p.a. Since...
en/the-hub/the-hub-details/news/seven-again-2/
Cut from a different cloth
Earlier this year, Kathryn Sargent became the first female master tailor to open her own store on Savile Row. Synonymous...
Entrepreneurs
Earlier this year, Kathryn Sargent became the first female master tailor to open her own store on Savile Row. Synonymous with men’s style, the Mayfair street has traditionally been a male-only bastion for over 200 years. Originally from Leeds, Kathryn worked her way up the ranks as a tailor, spending 15 years working for Gieves & Hawkes. In 2012,...
en/the-hub/the-hub-details/news/cut-from-different-cloth/
Trans-Generational support : key success factors
You can pass on financial wealth between generations but you can also pass on your company or the knowledge that are...
Insights
You can pass on financial wealth between generations but you can also pass on your company or the knowledge that are important to you as well.
en/the-hub/the-hub-details/news/trans-generational-support-key-success-factors-1/
Together
Following the completion of the acquisition of Kleinwort Benson by Societe Generale on June 6th, John Maitland and Paul...
KB Personalities
Following the completion of the acquisition of Kleinwort Benson by Societe Generale on June 6th, John Maitland and Paul Kearney introduce the new private bank that will be known as Kleinwort Hambros, and share their vision.
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Weekly News Bites: 3 above par
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
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Brexit cracks remain for property
Property is only now coming to terms with the referendum result
Markets
Property is only now coming to terms with the referendum result
en/the-hub/the-hub-details/news/brexit-cracks-remain-for-property/
KB Events: Purplebricks
Entrepreneurs’ Dinner with Michael Bruce – Founder & CEO of Purplebricks on Tue 15 November 2016
Entrepreneurs
Entrepreneurs’ Dinner with Michael Bruce – Founder & CEO of Purplebricks on Tue 15 November 2016
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Weekly News Bites: Tech issues
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-tech-issues/
The roots of Societe Generale's charity initiatives
Created in 2006, the Societe Generale Corporate Foundation for Solidarity strives to fight inequality by promoting the...
KB Passions
Created in 2006, the Societe Generale Corporate Foundation for Solidarity strives to fight inequality by promoting the integration of the most disadvantaged in society. A major commitment whose roots lie at the start of last century, and thanks to which the Group has a prominent position in the field of charitable projects and organisations. In the early...
en/the-hub/the-hub-details/news/-dcc7fb0489/
Is there a doctor in the house?
Dr Copper's diagnosis
Weekly News Bites: Canary in the coal mine
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-canary-the-coal-mine/
Hamish Keane
Catching up with Hamish Keane, who first joined Kleinwort Benson in 1979
The elephant in the room that people are happy to talk about
Barry Flanagan’s sculpture has become a major talking point in Societe Generale’s Paris HQ
KB Passions
Barry Flanagan’s sculpture has become a major talking point in Societe Generale’s Paris HQ
en/the-hub/the-hub-details/news/the-elephant-the-room-that-people-are-happy-talk-about/
CIO Blog: Inequality Bubble
In this month’s CIO blog we study the idea of an inequality bubble and ask what the potential implications are of this...
Markets
In this month’s CIO blog we study the idea of an inequality bubble and ask what the potential implications are of this spreading uncertainty for financial markets
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Weekly News Bites: Treacle down
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites/
Going against your gut? Volatility in equities
Lately, it has been feeling as though individual stocks are moving about more than usual – the dispersion of returns...
Markets
Lately, it has been feeling as though individual stocks are moving about more than usual – the dispersion of returns between different stocks has been high. Given recent geopolitical events and financial results from several companies, perhaps this is not surprising. Yet, as we often comment in these pages, feelings about financial markets are often at...
en/the-hub/the-hub-details/news/going-against-your-gute-volatility-equities/
Weekly News Bites: Heavy metal
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
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Andrew Lewin
We speak to Andrew Lewin about his path into banking and what has kept him there
KB Personalities
We speak to Andrew Lewin about his path into banking and what has kept him there
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Kleinwort Benson and SGPB Hambros are becoming one
Societe Generale announces that it has unveiled Kleinwort Hambros, the new brand name of the combined businesses of...
Insights
Societe Generale announces that it has unveiled Kleinwort Hambros, the new brand name of the combined businesses of Kleinwort Benson and Societe Generale Private Banking Hambros.Created in-house by Societe Generale, the new brand name has been chosen based on key findings of a survey with internal and external stakeholders from both brands. The combination of...
en/the-hub/the-hub-details/news/kleinwort-benson-now-part-the-societe-generale-group/
Weekly News Bites: Slipping through the net
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-slipping-through-the-net/
Taking stock
October was the worst monthly performance of the year for the UK government’s bonds
Markets
October was the worst monthly performance of the year for the UK government’s bonds
en/the-hub/the-hub-details/news/taking-stock/
Weekly News Bites: The epoch of incredulity
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-the-epoch-incredulity/
Mr. President
Donald J. Trump – the rank outsider – is going to be the next President of the United States of America
Markets
Donald J. Trump – the rank outsider – is going to be the next President of the United States of America
en/the-hub/the-hub-details/news/president/
Weekly News Bites: Bouncing off the wall
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
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Top four personal financial planning considerations for senior executives
Focus on senior executives: what you need to think about for your long-term plans
Insights
Focus on senior executives: what you need to think about for your long-term plans
en/the-hub/the-hub-details/news/top-four-personal-financial-planning-considerations-for-senior-executives/
Weekly News Bites: Few bricks shy of a load
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-few-bricks-shy-load/
A family charter
How collaborating with your family to lay down some ground rules can help to put your house in order
Insights
How collaborating with your family to lay down some ground rules can help to put your house in order
en/the-hub/the-hub-details/news/family-charter/
KB Market Pulse Q4 2016: The best and the worst of times
A digest of all the 'On the Pulse' articles from the last three months with some additional material
Markets
A digest of all the 'On the Pulse' articles from the last three months with some additional material
en/the-hub/the-hub-details/news/market-pulse-3/
Gilty conscience
The main investors in the gilts market are pension funds, but why?
Markets
The main investors in the gilts market are pension funds, but why?
en/the-hub/the-hub-details/news/gilty-conscience/
Weekly News Bites: Gaining a few pounds
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-gaining-few-pounds/
KB Events: Investing in uncertain times
Wasn’t it ever thus?
Weekly News Bites: Hard core
Our top picks from this week's Morning Chat
Markets
Our top picks from this week's Morning Chat
en/the-hub/the-hub-details/news/weekly-news-bites-hard-core/
Sir Richard Kleinwort
This week we hear from our namesake, Sir Richard Kleinwort
KB Personalities
This week we hear from our namesake, Sir Richard Kleinwort
en/the-hub/the-hub-details/news/sir-richard-kleinwort/
Kleinwort Benson wins Aggressive Portfolio Award at Citywire Investment Performance Awards
Kleinwort Benson won the Aggressive Portfolio Award at last week’s Citywire Investment Performance Awards. The award...
Markets
Kleinwort Benson won the Aggressive Portfolio Award at last week’s Citywire Investment Performance Awards. The award recognises the continued success of our equity strategy and further reinforces the fundamental strength of Kleinwort Benson's investment approach. Congratulations to the investment team for their commitment and success during...
en/the-hub/the-hub-details/news/kleinwort-benson-wins-aggressive-portfolio-award-citywire-investment-performance-awards/
Weekly News Bites: Any export in a storm
Any export in a storm: British manufacturing activity grew at its fastest rate since June 2014, with the Purchasing...
Markets
Any export in a storm: British manufacturing activity grew at its fastest rate since June 2014, with the Purchasing Managers' Index rising to 55.4 in September, leaping from the already strong 53.4 in August. The weak pound has helped domestic manufacturers be instantly more competitive in international markets, which has led to flood of export orders. Of...
en/the-hub/the-hub-details/news/test-2/
Does gold deserve its reputation as a safe haven?
The price of gold has increased by more than 25% this year after rising rapidly during a tumultuous first quarter for...
Markets
The price of gold has increased by more than 25% this year after rising rapidly during a tumultuous first quarter for equity markets. This provides anecdotal evidence of the yellow metal’s oft-cited status as a ‘safe-haven’ asset, but how does that hold up under closer scrutiny? Figure 1 shows the distribution of monthly returns of gold...
en/the-hub/the-hub-details/news/does-gold-deserve-its-reputation-safe-havene/
Weekly News Bites: King’s ransom
King’s ransom: Oil prices have risen by over 5% – Brent crude is trading at nearly $49 a barrel – as Saudi Arabia, the...
Markets
King’s ransom: Oil prices have risen by over 5% – Brent crude is trading at nearly $49 a barrel – as Saudi Arabia, the 900-pound gorilla of the oil world, and its arch-rival Iran, also a serious heavyweight, shocked markets by agreeing to limits on oil production. OPEC countries will now reportedly produce 32.5 million barrels per day from...
en/the-hub/the-hub-details/news/weekly-news-bites-kinges-ransom/
Is the bubble deflating or just stalling?
Since the Brexit vote, the UK commercial real estate market (CRE) has suffered panic withdrawals from open-ended...
Markets
Since the Brexit vote, the UK commercial real estate market (CRE) has suffered panic withdrawals from open-ended property funds and valuers adding ‘uncertainty clauses’ to their valuations. CRE values (as recorded by IPD) fell by 2.76% in July, the largest monthly decline in capital values since 2009 (figure 1). Initially, there was concern that...
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Brexit stage right
Lisa Spearman of Mercer & Hole and Valentina Tacchino from Kleinwort Benson discuss the impact of Brexit on non-doms ...
Insights
Lisa Spearman of Mercer & Hole and Valentina Tacchino from Kleinwort Benson discuss the impact of Brexit on non-doms Valentina Tacchino left, Lisa Spearman right During the UK general election campaign of 2015, Labour pledged to scrap the tax breaks for non-domiciled individuals within a year, if they got into office. As a result, the Conservative party...
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Weekly News Bites: At a rate of "nots"
At a rate of "nots": The Federal Reserve left interest rates unchanged, but three of the ten voting members on the...
Markets
At a rate of "nots": The Federal Reserve left interest rates unchanged, but three of the ten voting members on the monetary committee favoured a rate hike, a shockingly high level of non-consensus in comparison to usual. A rate increase in either November or December of this year has been strongly alluded to. Worryingly, the Fed's longer-run interest rate...
en/the-hub/the-hub-details/news/weekly-news-bites-rate-nots/
Coding their way to happiness
Software development company Softwire was founded in 2000. The company hires Science, Technology, Engineering and...
Insights
Software development company Softwire was founded in 2000. The company hires Science, Technology, Engineering and Mathematics (STEM) graduates from top universities, straight after graduation, and prides itself on their training and subsequent high retention rates. Softwire has offices in Bristol and Romania and is hoping to expand even further afield. How...
en/the-hub/the-hub-details/news/coding-their-way-happiness/
KB News Bites: Late to inflate
Late to inflate: UK headline inflation remained at 0.6% in August, the same level as July, and lower than many had...
Markets
Late to inflate: UK headline inflation remained at 0.6% in August, the same level as July, and lower than many had expected given the generally weaker currency. The undershoot in inflation led to a steep Sterling fall of over 1% – to $1.32 – as it puts less pressure on the Bank of England to raise rates or taper the monetary stimulus measures...
en/the-hub/the-hub-details/news/news-bites-late-inflate/
News Bites: Goldi-hawks
Goldi-hawks: As expectations of a September rate hike by the Federal reserve continue to fade, gold prices have rallied...
Markets
Goldi-hawks: As expectations of a September rate hike by the Federal reserve continue to fade, gold prices have rallied back towards two-year highs (in the mid-$1,300s) as the opportunity cost of holding a zero-yield commodity such as gold remains at a record low. What gold’s other attractions may be remains the subject of fierce debate. (8/9) Oi’...
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CIO Blog: It was the best of times, it was the worst of times
August tends to be a sleepy month in markets, with many finance professionals away with friends and family, reading...
Markets
August tends to be a sleepy month in markets, with many finance professionals away with friends and family, reading classic literature as opposed to finance news – the title of this blog is borrowed from A Tale of Two Cities by Charles Dickens – and resetting their internal batteries. Indeed, for the month of August, the S&P 500 did not have a...
en/the-hub/the-hub-details/news/cio-blog-was-the-best-times-was-the-worst-times/
Where in the world is that revenue coming from?
Our clients often ask about their equity exposures, such as how much company revenue is coming from emerging markets, or...
Markets
Our clients often ask about their equity exposures, such as how much company revenue is coming from emerging markets, or how much is earned domestically versus via foreign markets. While perfectly reasonable questions, it’s surprisingly difficult to get the data necessary for an answer. Anyone who has ever trawled through company reports will know there...
en/the-hub/the-hub-details/news/where-the-world-that-revenue-coming-frome/
Malcolm Roberts
What is the definition of a good private banker?It would be easier to answer what makes a good private banking team - a...
KB Personalities
What is the definition of a good private banker?It would be easier to answer what makes a good private banking team - a group of bankers from varied backgrounds each with different experiences and approaches so that there is a banker to suit the needs of every client. While clients will inevitably have things in common with one another, they are very...
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News bites: German elephant in the room
German elephant in the room: Eurozone consumer prices rose at a listless 0.2% in the year to August, while eurozone...
Markets
German elephant in the room: Eurozone consumer prices rose at a listless 0.2% in the year to August, while eurozone unemployment stood at 10.1% – it has been above 10% for seven years now. The European Central Bank will be mulling over these matters, and further quantitative easing, at its policy meeting next week. Nonetheless, the euro remains...
en/the-hub/the-hub-details/news/news-bites-german-elephant-the-room/
KB News Bites: Score a touchdown
Score a touchdown: Contactless payments technology is on fire in the UK and now accounts for 18% of all card spending,...
Markets
Score a touchdown: Contactless payments technology is on fire in the UK and now accounts for 18% of all card spending, more than double the 7% recorded last year. In terms of both the amount spent and the total number of transactions, usage in the first half of 2016 has overtaken that in all of 2015. Indeed, with average transaction amount of just £8.60,...
en/the-hub/the-hub-details/news/news-bites-score-touchdown/
Opening the door on the inner workings of Kleinwort Benson
In recent years, we have held an event at our offices for young people – school-leavers, graduates and undergraduates -...
Insights
In recent years, we have held an event at our offices for young people – school-leavers, graduates and undergraduates - designed to open the doors to our business and give guests an insight into the inner workings of a private bank. Guests at our Day in the life of a private bank included young people recommended by our clients who might be interested in...
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KB Weekly News Bites: Yen in Black
Yen in Black: The Japanese yen continues to strengthen, with the US dollar falling below the psychologically significant...
Markets
Yen in Black: The Japanese yen continues to strengthen, with the US dollar falling below the psychologically significant 100-level yesterday. This will be extremely frustrating to Japanese policymakers who are throwing everything at weakening their currency and stimulating their economy. And by everything, we mean everything: the Bank of Japan is buying so...
en/the-hub/the-hub-details/news/weekly-news-bites-yen-black/
KB Weekly News Bites: Cutting loose
Cutting loose: Donald Trump finally offered a teaser of his US economic policy. This includes setting three tax brackets...
Markets
Cutting loose: Donald Trump finally offered a teaser of his US economic policy. This includes setting three tax brackets for individuals – from the current seven – at new, lower tax rates of 12%, 25% and 33%. This largesse would also extend to corporations, cutting their taxes from 35% to 15%; and to the superrich, eliminating inheritance tax which...
en/the-hub/the-hub-details/news/weekly-news-bites-cutting-loose/
What a difference a day makes
How are the events of 23 June 2016 shaping current and future UK monetary policy? Ahead of the European Union (EU)...
Markets
How are the events of 23 June 2016 shaping current and future UK monetary policy? Ahead of the European Union (EU) membership referendum, the outlook for the UK’s economy was for a period of steady growth (albeit sub-par), underpinned by rising employment, wage growth, low inflation and an improving global backdrop. The UK was one of the best-performing...
en/the-hub/the-hub-details/news/what-difference-day-makes/
KB News Bites: Wait in the lobby
Wait in the lobby: Speculation is rife that the US Republican party is on the verge of a historic fracture as...
Markets
Wait in the lobby: Speculation is rife that the US Republican party is on the verge of a historic fracture as Presidential nominee Donald Trump continues to enrage the party orthodoxy. However, in a sign that the fundamentals may have shifted radically towards the unorthodox, the Trump campaign has managed to raise about $80 million in July – roughly the...
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Edward Heckels
Edward Heckels is an Executive Private Banker at Kleinwort Benson. His clients include a mix of City professionals and...
KB Personalities
Edward Heckels is an Executive Private Banker at Kleinwort Benson. His clients include a mix of City professionals and entrepreneurs. He first joined Kleinwort Benson nearly 30 years ago. When did you join Kleinwort Benson? I joined Kleinwort Benson on leaving Cambridge in 1987. A year earlier, the City had been de-regulated in the “Big Bang” and...
en/the-hub/the-hub-details/news/edward-heckels/
KB News Bites: Ball in no-one's court
Copy, paste: The Federal Reserve kept its key interest rate at 0.25-0.50% as expected, but said near-term risks to the...
Markets
Copy, paste: The Federal Reserve kept its key interest rate at 0.25-0.50% as expected, but said near-term risks to the US economic outlook had diminished. This has led some to believe that rate hikes may occur in one of the three meetings remaining this year.  However, beyond that slight tilt, the statement was rather bland: the third, fourth and fifth...
en/the-hub/the-hub-details/news/news-bites-ball-one-court/
Staying focused in dynamic markets
As a wealth manager, Kleinwort Benson manages client portfolios across a wide range of asset classes. Our approach is...
Insights
As a wealth manager, Kleinwort Benson manages client portfolios across a wide range of asset classes. Our approach is built around a disciplined framework that aims to guide us through changing market conditions while growing client wealth in real terms. Earlier this year, Kleinwort Benson’s investment team won the prestigious PAM award for ‘High...
en/the-hub/the-hub-details/news/staying-focused-dynamic-markets/
KB Market Pulse Q3 2016: The return of the king
Market Pulse is a digest of all the ‘On the Pulse’ articles from the last three months, with some additional material,...
Markets
Market Pulse is a digest of all the ‘On the Pulse’ articles from the last three months, with some additional material, including the ‘Investment strategy’ and ‘Markets at a glance’ articles Although cash is not a popular choice with many investors and often underperforms both equities and bonds, it has a valid role to play...
en/the-hub/the-hub-details/news/market-pulse-2016-the-return-the-king/
KB News Bites: Contacts lenses
Contacts lenses: In the three months to May, the UK unemployment rate fell to 4.9%, dipping below the Bank of England’s...
Markets
Contacts lenses: In the three months to May, the UK unemployment rate fell to 4.9%, dipping below the Bank of England’s key 5% “natural rate” for the first time since the financial crisis. Significantly, this is all while the proportion of people aged 16 to 64 in work was 74.4%, the highest recorded. Furthermore, the Agents’ Summary...
en/the-hub/the-hub-details/news/news-bites-contacts-lenses/
Sterling has been falling since the referendum… in 2014
Perhaps the most discernable market impact of the EU referendum has been the dramatic fall in the value of the pound....
Markets
Perhaps the most discernable market impact of the EU referendum has been the dramatic fall in the value of the pound. Relative to the US dollar, it is at its lowest since July 1985, slumping 13% below its pre-referendum level. Media headlines have proclaimed a “historic” devaluation. But is this true?First, sterling is still a long way from its...
en/the-hub/the-hub-details/news/sterling-has-been-falling-since-the-referendume-2014/
KB News Bites: Tusk, Tusk
Tusk, Tusk: On the new UK prime minister’s first day in office, the European Council President Donald Tusk said the EU...
Markets
Tusk, Tusk: On the new UK prime minister’s first day in office, the European Council President Donald Tusk said the EU cannot let the UK "profit" from leaving, as that could inspire other states to follow suit. He added that that he was “not seething with desire to punish or humiliate” the British for “what they have done to us". This...
en/the-hub/the-hub-details/news/news-bites-tusk-tusk/
The UK shakes the global world order
While most of the second quarter saw a renewal in global risk appetite – the S&P 500 tested all-time highs and the price...
Markets
While most of the second quarter saw a renewal in global risk appetite – the S&P 500 tested all-time highs and the price of crude oil rose steadily – volatility spiked on 23 June as the UK voted on its membership of the European Union (EU). In the following week, most major equity indices returned into positive territory on a year-to-date basis...
en/the-hub/the-hub-details/news/the-shakes-the-global-world-order/
From baby food to caring capitalism, growing up with Ella’s Kitchen’s Paul Lindley
Making a social difference by helping children develop a healthier relationship with food – and generating some profits...
KB Passions
Making a social difference by helping children develop a healthier relationship with food – and generating some profits along the way. It is a mission statement that defines Ella’s Kitchen as well as its founder, Paul Lindley. Founded in 2006, Paul built Ella’s Kitchen, a company that makes organic baby and toddler food, which now has a...
en/the-hub/the-hub-details/news/from-baby-food-caring-capitalism-growing-with-ellaes-kitchenes-paul-lindley/
KB News Bites: Safety in numbers
Safety in numbers: Two weeks since the "Brexit" vote, it appears risk assets are holding up reasonably well: the FTSE...
Markets
Safety in numbers: Two weeks since the "Brexit" vote, it appears risk assets are holding up reasonably well: the FTSE 100 is well above its pre-referendum level; the S&P 500 remains within striking distance of an all-time high; growth linked commodities such as oil are well supported. Yet safe havens are experiencing an epic rally: government bonds yields...
en/the-hub/the-hub-details/news/news-bites-safety-numbers/
An uncertain time for UK property markets
The UK’s European Union (EU) membership referendum on 23 June surprised financial markets with the “leave” vote beating...
Markets
The UK’s European Union (EU) membership referendum on 23 June surprised financial markets with the “leave” vote beating “remain” by 51.9% to 48.1%. Before voting day, investors had been looking to the polls for guidance, with YouGov putting the “remain” side ahead with a 52% share. The bookies were even more confident...
en/the-hub/the-hub-details/news/uncertain-time-for-property-markets/
"Very good sir" - The return of the British butler
Little over a generation ago, there were just a few hundred butlers left in Britain. Today, that number stands at around...
KB Passions
Little over a generation ago, there were just a few hundred butlers left in Britain. Today, that number stands at around 10,000 and counting[1] as the country’s elite employ butlers in ever greater numbers to ensure the seamless running of their households. The role of the butler is changing, too. Traditionally, the quintessential butler was that of...
en/the-hub/the-hub-details/news/very-good-sir-the-return-the-british-butler/
Installing telecoms apparatus: the challenges for the landowner
Agreeing to the installation of telecoms apparatus on otherwise vacant land may often be financially attractive. The...
Insights
Agreeing to the installation of telecoms apparatus on otherwise vacant land may often be financially attractive. The reality is that it is a legally complex, and potentially perilous, enterprise for landowners. Few realise the full extent of the statutory protection afforded to operators under the Electronic Communications Code. We examine how landowners can,...
en/the-hub/the-hub-details/news/installing-telecoms-apparatus-the-challenges-for-the-landowner/
Guests glean key takeaways from Summer Wealth Forum
Always interesting and often thought-provoking, was the view from the assembled guests at Kleinwort Benson’s Summer...
Insights
Always interesting and often thought-provoking, was the view from the assembled guests at Kleinwort Benson’s Summer Wealth Forum held at its Mayfair offices in central London on June 21. The visitors listened on intently as Kleinwort Benson’s team of experts spoke on a range of topics – from investing to estate planning and pensions. With...
en/the-hub/the-hub-details/news/guests-glean-key-takeaways-from-summer-wealth-forum/
KB Weekly News Bites: June 20-23
This side of the pond: UK markets appear well supported as voting commences in today's EU referendum: Sterling has...
Markets
This side of the pond: UK markets appear well supported as voting commences in today's EU referendum: Sterling has risen further this morning to trade at $1.48, well off of its recent lows of $1.40. UK 10-year Gilt yields are at 1.31%, far above than the 1.07% touched last week. The FTSE 100 closed yesterday at 6,261, rising about 6% over the last six...
en/the-hub/the-hub-details/news/weekly-news-bites-june/
How thinking like a toddler sparked the idea for the UK’s biggest baby food brand
It is said that a Eureka moment can happen at any time. But when it comes to thinking up a multi-million pound business,...
Entrepreneurs
It is said that a Eureka moment can happen at any time. But when it comes to thinking up a multi-million pound business, it is not often that the mind of a toddler is used for inspiration. But this was how Paul Lindley came up with the idea for Ella’s Kitchen. Founded in 2006, Paul built Ella’s Kitchen, a company that makes organic baby and...
en/the-hub/the-hub-details/news/how-thinking-like-toddler-sparked-the-idea-for-the-ukes-biggest-baby-food-brand/
CIO Blog: Return of the King
This article appears on City AM To many, cash represents an opportunity cost, an opportunity lost. These investors...
Markets
This article appears on City AM To many, cash represents an opportunity cost, an opportunity lost. These investors believe cash is a temporary holding medium between risk-assets, held unwillingly, often for a lack of better ideas. That is a limiting, myopic view. Cash is a core asset class, not a blank canvas from which to create an investment. Sometimes...
en/the-hub/the-hub-details/news/cio-blog-return-the-king/
KB Events: Return of the onion
On Wednesday 18 May, Kleinwort Benson represented by Ben Whitworth and Dan Cordery hosted a “Showcase” organised by the...
Entrepreneurs
On Wednesday 18 May, Kleinwort Benson represented by Ben Whitworth and Dan Cordery hosted a “Showcase” organised by the Oxford Investment Opportunity Network (OION). This “Showcase” consisted of ten five minute pitches by early stage companies that were seeking investment for the next stages of their growth. Without exception, the...
en/the-hub/the-hub-details/news/events-return-the-onion/
Broulette: exploring the potential investment implications for Britain's staying in or leaving the EU
On 23 June this year, the British electorate will decide through a referendum whether to remain in or leave the European...
Markets
On 23 June this year, the British electorate will decide through a referendum whether to remain in or leave the European Union (EU). The outcome is similar to that of the spin of a roulette wheel – uncertain. In this report, we outline the shape, colours and numbers of the “Broulette” referendum wheel. We then explore the potential...
en/the-hub/the-hub-details/news/broulette-exploring-the-potential-investment-implications-for-britain-staying-leaving-the/
KB Weekly News Bites: Yen behaving badly
Yen behaving badly: This morning, the Bank of Japan refrained from taking any new stimulus measures and kept the...
Markets
Yen behaving badly: This morning, the Bank of Japan refrained from taking any new stimulus measures and kept the monetary policy steady. They even sounded their obligatory note of optimism in the face of yen strength and falls in Japanese equities. The Nikkei was down another 3% today, and the yen continues to charge toward the century mark, last trading at...
en/the-hub/the-hub-details/news/weekly-news-bites-yen-behaving-badly/
KB Weekly News Bites: Gory party
Gory party: The political brinksmanship over "Brexit" continues to hatchet away at the Conservative party. Tory MP Sarah...
Markets
Gory party: The political brinksmanship over "Brexit" continues to hatchet away at the Conservative party. Tory MP Sarah Wollaston is the first major defector from the "Leave" campaign, saying she did not feel "comfortable" with that position. However, countering her defection was Sir John Nott's suspension of his Tory party membership. A former defence...
en/the-hub/the-hub-details/news/weekly-news-bites-gory-party/
Gold is shining again
At the Group of Seven (G7) summit in late May, Japan’s Prime Minister Shinzo Abe talked about the possibility of another...
Markets
At the Group of Seven (G7) summit in late May, Japan’s Prime Minister Shinzo Abe talked about the possibility of another economic calamity similar to the collapse of Lehman Brothers in 2008. While the statement was intended to encourage other leaders into action, it reflects the anxiety that has not completely disappeared since the financial crisis. The...
en/the-hub/the-hub-details/news/gold-shining-again/
KB Weekly News Bites: A fool and his ministry soon parted
A fool and his ministry soon parted: No matter how bad your week has been, it is hard not to sympathise with Brazil. It...
Markets
A fool and his ministry soon parted: No matter how bad your week has been, it is hard not to sympathise with Brazil. It was confirmed yesterday that the economy contracted at a whopping annual rate of 5.4% in the first quarter, its fifth quarterly contraction in a row. Earlier in the week, the country’s newly appointed “corruption czar” had...
en/the-hub/the-hub-details/news/weekly-news-bites-fool-and-his-ministry-soon-parted/
The perils and pleasures of owning a stately home
From ghost tours to Tudor dress-ups, Kentwell Hall is unlike most stately homes but then so, too, is its resident owner...
KB Passions
From ghost tours to Tudor dress-ups, Kentwell Hall is unlike most stately homes but then so, too, is its resident owner Patrick Phillips. The larger-than-life 75-year-old has made it his life’s work to restore the lovely red brick Tudor manor which was in an advanced state of ruin when he acquired it back in 1971. Over the last 45 years, a phenomenal...
en/the-hub/the-hub-details/news/the-perils-and-pleasures-owning-stately-home/
KB Events: An evening with Adair Turner
Clients and guests of Kleinwort Benson joined us last week at The English Speaking Union in Charles Street in Mayfair,...
Insights
Clients and guests of Kleinwort Benson joined us last week at The English Speaking Union in Charles Street in Mayfair, to listen to Lord Turner discuss his new book “Between Debt and the Devil”, which addresses some of the most important economic issues of our time. Our Chief Investment Officer, Mouhammed Choukeir, chaired the thought...
en/the-hub/the-hub-details/news/events-evening-with-adair-turner/
Senior executives and the battle against monotony
It really is tough at the top for senior executives. Having worked their way up into the higher echelons of business...
Insights
It really is tough at the top for senior executives. Having worked their way up into the higher echelons of business using their boundless energy, enterprise and ideas, many are now becoming battle-weary as an increase in regulatory issues and mundane daily admin tasks take their toll; leading to feelings of being undervalued. These are some of the findings...
en/the-hub/the-hub-details/news/senior-executives-and-the-battle-against-monotony/
KB Weekly News Bites: Red flag to a Bullard
Red flag to a Bullard: Federal Reserve (Fed) President James Bullard was quoted yesterday saying US interest rates being...
Markets
Red flag to a Bullard: Federal Reserve (Fed) President James Bullard was quoted yesterday saying US interest rates being kept “too low for too long” could cause financial instability, further increasing market expectations for a rate rise. However,  there are plenty of critics. The Economist newspaper, a keen observer of global monetary...
en/the-hub/the-hub-details/news/weekly-news-bites-red-flag-bullard/
US dollars: back to the future?
In June 2014 the Federal Reserve (Fed) announced the end of its quantitative easing (QE) programme. Following the news,...
Markets
In June 2014 the Federal Reserve (Fed) announced the end of its quantitative easing (QE) programme. Following the news, the US dollar appreciated by 20% against sterling and a basket of currencies (figure 1). While the end of QE was the initial spark, momentum in the US dollar was sustained by “guidance” from the Fed. This meant that it would be...
en/the-hub/the-hub-details/news/dollars-back-the-futuree/
KB Weekly News Bites: United Kingdom
United Zingdom: Another month, another stellar UK labour market report: 140,000 more people were employed in the 3...
Insights
United Zingdom: Another month, another stellar UK labour market report: 140,000 more people were employed in the 3 months to August while the unemployment rate fell to a new low of 5.4%. While wage growth slowed to 2.8%, its still is way above the current inflation rate of -0.1%. Can the UK keep defying the downward pressure of global economic gravity? (15/10)...
en/the-hub/the-hub-details/news/weekly-news-bites-united-kingdom/
Considering the role of sectors in portfolio performance
While the fund management industry remains structured around a regional approach, investing by global sector may present...
Markets
While the fund management industry remains structured around a regional approach, investing by global sector may present greater opportunities for investment selection. The relative performance of different sectors in the first quarter of this year stands in stark contrast to performances over 2015, highlighting the potential importance of sector allocations. ...
en/the-hub/the-hub-details/news/considering-the-role-sectors-portfolio-performance/
KB Weekly News Bites: They've gone nuts
They’ve gone nuts: News that Warren Buffett took a $1 billion stake in Apple boosted the company’s shares by 4%, helping...
Markets
They’ve gone nuts: News that Warren Buffett took a $1 billion stake in Apple boosted the company’s shares by 4%, helping it regain the title of the world’s most valuable company from Alphabet (Google’s parent), a distinction it now jostles over given Apple’s stock is down 30% in the past 12 months. Mr. Buffet’s stake is...
en/the-hub/the-hub-details/news/weekly-news-bites-they-gone-nuts/
Getting your pension and savings plans in order
As a part of the highest level of organizational management within a company, senior executives could easily also be on...
Insights
As a part of the highest level of organizational management within a company, senior executives could easily also be on the board of directors and shareholders as well as taking on the every-day running of the business.  For these busy senior executives there is easily little or no time to manage their own financial affairs, haphazard pension and savings...
en/the-hub/the-hub-details/news/getting-your-pension-and-savings-plans-order/
Has the 35-year bond bull market finally peaked?
Recent volatility pushed the ten-year gilt yield to an all-time low of 1.3%, and a real yield of just 1.0%. The prospect...
Markets
Recent volatility pushed the ten-year gilt yield to an all-time low of 1.3%, and a real yield of just 1.0%. The prospect of an increase in inflation does not seem to be weighing on expectations of longer-term real rates. However, a 74% increase in the price of oil since February cannot be ignored. If the current supply/demand dynamic were to change, prices may...
en/the-hub/the-hub-details/news/has-the-year-bond-bull-market-finally-peakede/
KB Weekly News Bites: Come, let's away to prison
Come, let's away to prison: In an irony of Shakespearean proportions, Brazilian President Dilma Rousseff will almost...
Markets
Come, let's away to prison: In an irony of Shakespearean proportions, Brazilian President Dilma Rousseff will almost certainly be stripped of her Presidency in the next few hours, having been found guilty of a relatively minor indiscretion by Senators accused of far darker crimes. Markets have been rallying on long-held expectations of this outcome – the...
en/the-hub/the-hub-details/news/weekly-news-bites-come-let-away-prison/
Joss Mitchell
Joss Mitchell is an Executive Director of Kleinwort Benson.What is the definition of a good private banker?  A good...
KB Personalities
Joss Mitchell is an Executive Director of Kleinwort Benson.What is the definition of a good private banker?  A good banker is a combination of things, I think. Someone who has gained as much experience in both banking and investment management as they have in life is a good starting point. Another essential characteristic is to be a good listener –...
en/the-hub/the-hub-details/news/joss-mitchell/
KB Weekly News Bites: Mayday
Mayday: Brent crude has fallen nearly 7% in May so far, falling below the $45-mark, with prices being pulled down by...
Markets
Mayday: Brent crude has fallen nearly 7% in May so far, falling below the $45-mark, with prices being pulled down by renewed fears of oversupply amidst a global economic slowdown. In this environment of volatility and rapid oscillation, the US non-farm payrolls to be released on Friday will be crucial in bolstering or bulldozing risk sentiment for oil markets...
en/the-hub/the-hub-details/news/weekly-news-bites-mayday/
CIO Blog: US Folitics
It is a momentous time in terms of geopolitics. A plethora of major events with potentially significant investment...
Insights
It is a momentous time in terms of geopolitics. A plethora of major events with potentially significant investment consequences will take place this year. They range from the “Brexit” hurricane in the UK to tectonic shifts in the oil economy abroad. Even ostensibly local conflagrations, such as political deadlock in Brazil, may impact wider...
en/the-hub/the-hub-details/news/cio-blog-folitics/
KB Weekly News Bites: When doves try
When doves try: Last night, the US Federal Reserve (Fed) kept interest rates unchanged in a generally dovish statement....
Markets
When doves try: Last night, the US Federal Reserve (Fed) kept interest rates unchanged in a generally dovish statement. The Fed said while economic conditions have improved – with unemployment at 5% - inflation is still underwhelming given low oil prices. With that, the policy can has been kicked down the road to the June meeting. The US 10-year Treasury...
en/the-hub/the-hub-details/news/weekly-news-bites-when-doves-try/
KB Events: Dinner with RateSetter
On the evening of Wed 20 April 2016, Kleinwort Benson hosted an Entrepreneurs’ dinner at the Sussex Cellar, Berry Bros &...
Entrepreneurs
On the evening of Wed 20 April 2016, Kleinwort Benson hosted an Entrepreneurs’ dinner at the Sussex Cellar, Berry Bros & Rudd. The keynote speaker was Rhydian Lewis, the founder and CEO of RateSetter, a peer-to-peer lending company and arguably one of the most successful companies in the alternative finance or Fintech arena. Both the speaker...
en/the-hub/the-hub-details/news/events-dinner-with-ratesetter/
Why entrepreneurs should embrace international trade
The UK may be one of the world’s top 10 trading nations[1]; speaking the global language,  with close ties to the...
Insights
The UK may be one of the world’s top 10 trading nations[1]; speaking the global language,  with close ties to the European Union, whether or not we choose to leave, the US – the world’s biggest importer – and links to a vast former empire of rapidly emerging economies. Yet, when it comes to exporting our goods and services we are...
en/the-hub/the-hub-details/news/why-entrepreneurs-should-embrace-international-trade/
KB Weekly News Bites: King of spades
King of spades: The former governor of the Bank of England, Mervyn King, is the latest well-known economist to say...
Markets
King of spades: The former governor of the Bank of England, Mervyn King, is the latest well-known economist to say monetary policy is close to its limit globally and faces increasingly diminishing returns. Of late, a significant amount of policy chatter has been focused on the underutilisation of fiscal policy. Many – including those at the International...
en/the-hub/the-hub-details/news/weekly-news-bites-king-spades/
KB Weekly News Bites: Two hands, one FTSE
Two hands, one FTSE: The FTSE 100 index has surged into positive territory for the year, a major milestone in what has...
Markets
Two hands, one FTSE: The FTSE 100 index has surged into positive territory for the year, a major milestone in what has been a spectacular run since mid-February, when the index was down 12% on a year-to-date basis. The fillip is inextricably linked to the rebounding oil price, which in turn has been supported by stabilising Chinese demand on the one hand, and,...
en/the-hub/the-hub-details/news/weekly-news-bites-two-hands-one-ftse/
KB Market Pulse Q2 2016: Forecasting the markets
Market Pulse is a digest of all the ‘On the Pulse’ articles from the last three months, with some additional material,...
Markets
Market Pulse is a digest of all the ‘On the Pulse’ articles from the last three months, with some additional material, including the ‘Investment strategy’ and ‘Markets at a glance’ articles Making forecasts is easy but they are not much help to investors. Research shows there is no strong relationship between economic...
en/the-hub/the-hub-details/news/market-pulse-2016-forecasting-the-markets/
BrewDog’s James Watt on how hops got hip
The UK has developed a thirst for craft beer. At the vanguard of this revolution is BrewDog. The Scottish-based brewer,...
Entrepreneurs
The UK has developed a thirst for craft beer. At the vanguard of this revolution is BrewDog. The Scottish-based brewer, formed in 2007 and known for such beers as Punk IPA, now has beer outlets spreading rapidly across the globe. We spoke to James Watt, one of its two founders alongside Martin Dickie, on their meteoric rise, why they do things a little...
en/the-hub/the-hub-details/news/brewdoges-james-watt-how-hops-got-hip/
Eight things women business leaders look for in interviewees
Employees are usually the lifeblood of any business. So when it comes to choosing a new hire, it is absolutely vital to...
Entrepreneurs
Employees are usually the lifeblood of any business. So when it comes to choosing a new hire, it is absolutely vital to pick the right person. While the recruiting process varies by industry, the end result is usually the same – one person from the interview process lands the job. We spoke to three of the UK’s most successful female business...
en/the-hub/the-hub-details/news/eight-things-women-business-leaders-look-for-interviewees/
KB Weekly News Bites: Airheads
Airheads: Amidst the current oil market rally, a number of major airlines have been furiously active in the oil futures...
Markets
Airheads: Amidst the current oil market rally, a number of major airlines have been furiously active in the oil futures market – locking in prices as far as 2019 – a signal of their growing conviction that the low point in this cycle has passed. However, airlines have a spotty record of gauging the future price of oil, a major cost in operating...
en/the-hub/the-hub-details/news/weekly-news-bites-airheads/
KB Events: Dinner with Made.com
Kleinwort Benson and lawyers Harbottle & Lewis co-hosted a dinner at which Julien Callède, co-founder and COO of...
Entrepreneurs
Kleinwort Benson and lawyers Harbottle & Lewis co-hosted a dinner at which Julien Callède, co-founder and COO of Made.com, provided a candid insight into the conception, creation and subsequent growth of the online designer furniture retailer. Our guests were all entrepreneurs and didn't hesitate in putting forward their questions which...
en/the-hub/the-hub-details/news/events-dinner-with-madecom/
It’s all about the timing
UK commercial real estate (UK CRE) has now delivered a total return of 49% since June 2013, as measured by the...
Markets
UK commercial real estate (UK CRE) has now delivered a total return of 49% since June 2013, as measured by the Investment Property Databank (IPD) UK Monthly Index (figure 1). Capital values have risen by 24% over this period, and diversified property portfolios have delivered an annualised average income return of 4% to 5% (figure 2). UK CRE values have now...
en/the-hub/the-hub-details/news/ites-all-about-the-timing/
Meet the Orpheus Principals: Alena Lugovkina - Flute
Kleinwort Benson are proud supporters of the Orpheus Foundation, an organisation that supports young musicians in the...
KB Passions
Kleinwort Benson are proud supporters of the Orpheus Foundation, an organisation that supports young musicians in the crucial phase between leaving conservatoires and entering the classical music profession. For the fourth in our series of Meet the Principals, we speak to Alena Lugovkina, principal flute. Alena Lugovkina, Associate of the Royal Academy of...
en/the-hub/the-hub-details/news/meet-the-orpheus-principals-alena-lugovkina-flute/
KB Weekly News Bites: It will end in tiers
It will end in tiers: In top-tier Chinese cities such as Shenzhen, Shanghai and Beijing, house prices surged 57%, 22%...
Markets
It will end in tiers: In top-tier Chinese cities such as Shenzhen, Shanghai and Beijing, house prices surged 57%, 22% and 13% from a year earlier, the fastest rate of growth in two years. However, in tier-3 or tier-4 cities, the contrast is stark, with a supply far outstripping demand and few buyers. Property prices are crucial to the Chinese investment...
en/the-hub/the-hub-details/news/weekly-news-bites-will-end-tiers/
Why failing to plan financially is planning to fail
For centuries, experts have predicted that the march of technology would herald not only economic progress, but also...
Insights
For centuries, experts have predicted that the march of technology would herald not only economic progress, but also reduced working hours and almost limitless leisure time. In 1930, for instance, famed economist John Maynard Keynes reckoned that we would all be working a three hour day as technology offered the path to a brighter future. Sadly, fancy...
en/the-hub/the-hub-details/news/why-failing-plan-financially-planning-fail/
KB Weekly News Bites: Freezing up
Freezing up: Oil prices fell about 4% yesterday – with WTI crude once again falling below $40 – as a strong dollar...
Markets
Freezing up: Oil prices fell about 4% yesterday – with WTI crude once again falling below $40 – as a strong dollar combined with yet another Energy Information Administration (EIA) report showing rising US oil reserves. Also, a senior member of the EIA called a much touted production "freeze" by Russia and Saudi Arabia "meaningless" as they are...
en/the-hub/the-hub-details/news/weekly-news-bites-freezing/
John Williams
John Williams is a Managing Director of Kleinwort Benson UK. What is the definition of a good private banker? I feel...
KB Personalities
John Williams is a Managing Director of Kleinwort Benson UK. What is the definition of a good private banker? I feel that a good private banker is one who knows and understands their client and is contactable 24/7. Responsiveness to client needs is absolutely key. Particularly in my area when agreement on financing often needs us to be very nimble and...
en/the-hub/the-hub-details/news/john-williams/
Commodity conundrum
In theory, inflation protection and substantial diversification benefits make commodities an attractive prospect for...
Markets
In theory, inflation protection and substantial diversification benefits make commodities an attractive prospect for multi-asset portfolios. Yet in practice over the past few years, any investor tempted by these characteristics has had their fingers burnt. A diversified commodity basket has fallen by more than 65% from its peak in 2008, as measured by the...
en/the-hub/the-hub-details/news/commodity-conundrum/
The growing impact of women on the investor base
The wealth map of Britain is changing. More women regularly make it in onto the Sunday Times’ Rich List and women are...
Insights
The wealth map of Britain is changing. More women regularly make it in onto the Sunday Times’ Rich List and women are increasingly playing a more pivotal role in the average UK household income[1]. However, despite women laying claim to just under half of Britain’s total wealth, there is still a way to go before genuine equality between genders...
en/the-hub/the-hub-details/news/the-growing-impact-women-the-investor-base/
CIO Blog: Why forecasting the future is the easiest job in the world
Will the economy go into recession this year? Where will the FTSE 100 finish at the end of the year? When will the Bank...
Markets
Will the economy go into recession this year? Where will the FTSE 100 finish at the end of the year? When will the Bank of England raise interest rates? Will the British electorate vote for Brexit? These are just some of the questions that everyone would love to know the answer to and there is an army of people willing to take a stab at forecasting them. But...
en/the-hub/the-hub-details/news/cio-blog-why-forecasting-the-future-the-easiest-job-the-world/
Bubbles and outperformance from higher-risk stocks
Following the news surrounding financial markets can be maddening. The daily deluge of investment pundits pontificating...
Markets
Following the news surrounding financial markets can be maddening. The daily deluge of investment pundits pontificating on the causes of short-term market gyrations is often less about sound investment practice and more about big business for the likes of the 24-hour financial news cycle. Rest assured, the irony in our writing articles such as this has not...
en/the-hub/the-hub-details/news/bubbles-and-outperformance-from-higher-risk-stocks/
An introduction to your domicile, by Vishal Chopra, Head of Tax - Scotland, Grant Thornton
An introduction to your domicileI often talk to my clients about their domicile and what it means for their tax affairs....
Insights
An introduction to your domicileI often talk to my clients about their domicile and what it means for their tax affairs. Over the past few years the concept of domicile has hit the headlines and this has raised concerns for clients and also prompted the government to make some changes. I have outlined a few common talking points below. What is my...
en/the-hub/the-hub-details/news/introduction-your-domicile-vishal-chopra-head-tax-scotland-grant-thornton/
Belinda Williams on her climb to the top of the soup chain
It was an idea hatched just over a decade ago when Belinda Williams’ catering business was dealing with the...
Entrepreneurs
It was an idea hatched just over a decade ago when Belinda Williams’ catering business was dealing with the traditionally fallow winter months. But from famine came feast; and the creation of fresh soup company Yorkshire Provender. Twelve years on and there is a new, purpose-built factory near Ripon in North Yorkshire that has capacity to churn out...
en/the-hub/the-hub-details/news/belinda-williams-her-climb-the-top-the-soup-chain/
Richard Stanwell, Head of UK Teams
Richard Stanwell joined Kleinwort Benson in January 2010. He has worked in wealth management for over 15 years and...
KB Personalities
Richard Stanwell joined Kleinwort Benson in January 2010. He has worked in wealth management for over 15 years and offers a profusion of experience advising individuals, charities, trusts and pension funds in the management of their financial affairs. As well as managing his book of clients, Richard also heads up the UK banker teams basing himself between the...
en/the-hub/the-hub-details/news/richard-stanwell-head-teams/
KB Weekly News Bites: It's raining yen, hallelujah
It's raining yen, hallelujah: Japan's economy contracted by an annualised 1.4% in the fourth quarter of 2015....
Markets
It's raining yen, hallelujah: Japan's economy contracted by an annualised 1.4% in the fourth quarter of 2015. Expectations of further monetary easing are high as Prime Minister Shinzo Abe will be desperate to put the "Abenomics" program back on track, but policy measures clearly appear to be having diminishing returns on stimulating the real economy. Consumer...
en/the-hub/the-hub-details/news/weekly-news-bites-raining-yen-hallelujah/
The future may have happened
Fixed income investors have spent a lot of time over the past seven years discussing what would happen to bonds when...
Markets
Fixed income investors have spent a lot of time over the past seven years discussing what would happen to bonds when interest rates increased. Between December 2008 and December 2015, the US Federal Reserve (Fed) kept its benchmark interest rate close to zero in response to the global financial crisis. Throughout this period most investors agreed that fixed...
en/the-hub/the-hub-details/news/the-future-may-have-happened/
KB Weekly News Bites: Loose ends
Loose ends: In Congressional testimony yesterday, the US Federal Reserve (Fed) Chair Janet Yellen said that economic...
Markets
Loose ends: In Congressional testimony yesterday, the US Federal Reserve (Fed) Chair Janet Yellen said that economic conditions in the US were now "less supportive" for growth. Amongst her biggest worries is the uncertainty surrounding China's exchange rate policy and the resulting stresses in commodity-exporting economies and commodity-producing firms around...
en/the-hub/the-hub-details/news/weekly-news-bites-loose-ends/
Why rural businesses hold the key to unlocking the countryside's vast potential
Ross Murray, President of the Country Land & Business Association, says these businesses are unfairly cast as the...
Insights
Ross Murray, President of the Country Land & Business Association, says these businesses are unfairly cast as the Cinderella of the UK economy. We find out why the CLA believes they should be the heartbeat that sustains our countryside. Ross Murray, President of the Country Land & Business Association (CLA) There is something intrinsically different...
en/the-hub/the-hub-details/news/why-rural-businesses-hold-the-key-unlocking-the-countryside-vast-potential/
KB Weekly News Bites: Feeling a draft
Feeling a draft: UK Prime Minister Cameron and European Council President Tusk have come up with a “draft deal”...
Markets
Feeling a draft: UK Prime Minister Cameron and European Council President Tusk have come up with a “draft deal” outlining the UK’s future membership in the European Union. Cameron won an "emergency brake" on benefits for migrant workers, and more power for national parliaments to stymie an “ever closer Union”. Some commentators...
en/the-hub/the-hub-details/news/weekly-news-bites-feeling-draft/
KB Weekly News Bites: Balancing act
Balancing act: As expected, Federal Reserve (Fed) policymakers held rates steady in a 0.25% - 0.50% range. More...
Markets
Balancing act: As expected, Federal Reserve (Fed) policymakers held rates steady in a 0.25% - 0.50% range. More importantly, they still expect to raise interest rates gradually this year, inflation to reach its 2% target and a strong labour market to continue. However, they are "closely monitoring global economic and financial developments" to ascertain...
en/the-hub/the-hub-details/news/weekly-news-bites-balancing-act/
Meet the Orpheus Principals: Majiej Burdzy - Violin
Kleinwort Benson are proud supporters of Orpheus Foundation, an organisation that supports young musicians in the...
KB Passions
Kleinwort Benson are proud supporters of Orpheus Foundation, an organisation that supports young musicians in the crucial phase between leaving conservatoires and entering the classical music profession. In this, the third in our Meet the Principals series, we talk to Majiej Burdzy, principal violin. Born in Warsaw, violinist Maciej Burdzy received a...
en/the-hub/the-hub-details/news/meet-the-orpheus-principals-majiej-burdzy-violin/
KB Market Pulse Q1 2016: Tails of the unexpected
articles. Financial markets tend to converge on a consensus view, but it is worth exploring other possibilities. We...
Markets
articles. Financial markets tend to converge on a consensus view, but it is worth exploring other possibilities. We analyse how investment portfolios could perform against five scenarios ranging from unexpectedly strong Chinese growth to a global bond rally. Please click the image below to view the pdf
en/the-hub/the-hub-details/news/market-pulse-2016-tails-the-unexpected/
KB Weekly News Bites: Down, memory lane
Down, memory lane: Hit by yet another fall in oil, global equities are down over 10% year-to-date. If sustained, this...
Markets
Down, memory lane: Hit by yet another fall in oil, global equities are down over 10% year-to-date. If sustained, this would be the worst monthly loss since February 2009, when global equities fell by a similar amount in the throes of the financial crisis. It may be helpful to remember that global equities ended 2009 up 26%. For more perspective, please stay...
en/the-hub/the-hub-details/news/weekly-news-bites-down-memory-lane/
The quest for the perfect whisky
It may be slightly off the beaten track, but one new distillery in Scotland is already making waves in the luxury whisky...
Entrepreneurs
It may be slightly off the beaten track, but one new distillery in Scotland is already making waves in the luxury whisky market and beyond. Situated on the very northwestern extremity of the UK, the Isle of Harris Distillery is not only aiming to establish a new whisky region on the Outer Hebrides – to put itself on the map alongside Scotland’s...
en/the-hub/the-hub-details/news/the-quest-for-the-perfect-whisky/
Making the most of long-term incentive plans
From basic stock options right through to deferred share awards, long-term incentive plans (LTIPs) are increasingly...
Insights
From basic stock options right through to deferred share awards, long-term incentive plans (LTIPs) are increasingly becoming the largest component of senior executives’ pay packages. For a FTSE 100 chief executive, over two-fifths of their annual remuneration is now in the form of LTIPs, eclipsing both basic salary and bonuses, according to KPMG’s...
en/the-hub/the-hub-details/news/making-the-most-long-term-incentive-plans/
Leigh Philpot
Leigh Philpot joined Kleinwort Benson in 2006. With an investment background, he has considerable expertise in all...
KB Personalities
Leigh Philpot joined Kleinwort Benson in 2006. With an investment background, he has considerable expertise in all wealth matters including long-term planning and risk management. He is a Chartered Wealth Manager and was voted one of the industry’s Top 40 under 40 in 2013. What led to your role as Head of Discretionary Fund Management? I always wanted...
en/the-hub/the-hub-details/news/leigh-philpot/
KB Weekly News Bites: Copper flopper
Copper flopper: US 10-year government bond yields have fallen to 2.09% as investors seek safe-havens in the face of the...
Markets
Copper flopper: US 10-year government bond yields have fallen to 2.09% as investors seek safe-havens in the face of the ongoing commodity plunge.  The S&P 500 fell 2.5% – below 1,900 – as Brent crude dipped below $30 at one stage. Copper has also fallen below its May 2009 low. (14/1) Brenter at your own risk: In an editorial in the FT,...
en/the-hub/the-hub-details/news/weekly-news-bites-copper-flopper/
Considering total shareholder yield
When analysing the relative attractiveness of different equity markets, investors often consider the prevailing dividend...
Markets
When analysing the relative attractiveness of different equity markets, investors often consider the prevailing dividend yields. This approach is sensible: dividends represent “cash in hand” as opposed to unreliable forecasts of share price gains or earnings growth. Studies show a positive link between a company’s propensity to pay dividends...
en/the-hub/the-hub-details/news/considering-total-shareholder-yield/
Knowing the drill
Supply and demand dynamics in commodity markets are hard to gauge at the best of times. Nonetheless, we would expect the...
Markets
Supply and demand dynamics in commodity markets are hard to gauge at the best of times. Nonetheless, we would expect the multi-national energy and mining giants, with their veritable armies of strategists and technical experts, to have their fingers on the pulse of the ebbs and flows through their own sales operations. However, global commodity markets are...
en/the-hub/the-hub-details/news/knowing-the-drill/
Parity for the course
In early December 2015, Mario Draghi, the President of the European Central Bank (ECB), announced a ten basis point...
Markets
In early December 2015, Mario Draghi, the President of the European Central Bank (ECB), announced a ten basis point deposit rate cut and a six-month extension to the ongoing quantitative easing (QE) programme. Markets reacted virulently, wholly unimpressed with Draghi’s “under-delivery” on a previous “over-promise”. The euro...
en/the-hub/the-hub-details/news/parity-for-the-course/
Business Beat: Why an 11-year-old mogul can trump Alan Sugar and the dawn of a new age in philanthropy
Start ’em young: Mark Zuckerberg may have come up with the idea for Facebook as a Harvard college student, while closer...
Entrepreneurs
Start ’em young: Mark Zuckerberg may have come up with the idea for Facebook as a Harvard college student, while closer to home Alan Sugar, one of the UK’s best-known entrepreneurs and star of BBC One’s The Apprentice programme, set up electronics business Amstrad, his first company, aged just 21. One budding entrepreneur, though, can top...
en/the-hub/the-hub-details/news/business-beat-why-year-old-mogul-can-trump-alan-sugar-and-the-dawn-new-age-philanthropy/
KB Weekly News Bites: Well Fed
Well Fed: The Federal Reserve (Fed) raised short-term interest rates for the first time since the financial crisis...
Markets
Well Fed: The Federal Reserve (Fed) raised short-term interest rates for the first time since the financial crisis wreaked havoc, signalling a vote of confidence in the strength of the US economy. The widely anticipated decision, a major milestone, ends a seven-year period – to the day – in which the Fed held short-term rates near zero. Even as it...
en/the-hub/the-hub-details/news/weekly-news-bites-well-fed/
Making way for the millennials
Over the next 20 years, it is estimated that more than £1 trillion is due to be passed down from one generation to the...
Insights
Over the next 20 years, it is estimated that more than £1 trillion is due to be passed down from one generation to the next in the UK. This great wealth transfer from the post-World War II ‘baby boomer’ demographic into the hands of a cohort known simply as the ‘millennials’ – those born from the early 1980s to the early...
en/the-hub/the-hub-details/news/making-way-for-the-millennials/
Young entrepreneurs: Overcoming barriers to success
Ash Phillips is the Founder and Director of Bristol-based YENA – the Young Entrepreneur Networking Association – which...
Entrepreneurs
Ash Phillips is the Founder and Director of Bristol-based YENA – the Young Entrepreneur Networking Association – which offers a serious networking environment for people between the ages of 15-30. He is also the Director of Gumption, a specialist social media agency for the leisure, tourism and hospitality industries. Here he takes us through the...
en/the-hub/the-hub-details/news/young-entrepreneurs-overcoming-barriers-success/
Coffee guru Anette Moldvaer spills the beans
With a mission statement of wanting to make London famous for good coffee, Square Mile Coffee Roasters has taken the...
Entrepreneurs
With a mission statement of wanting to make London famous for good coffee, Square Mile Coffee Roasters has taken the revered bean to even greater heights. Formed in 2007, the coffee roasting company has changed the face of London coffee. Connoisseurs now regularly make daily pilgrimages to coffee shops all across London in search of their favourite Square...
en/the-hub/the-hub-details/news/coffee-guru-anette-moldvaer-spills-the-beans/
KB Weekly News Bites: Osborne to run
Osborne to run: The Chancellor of the Exchequer, George Osborne, delivered his Autumn Statement yesterday, with a more...
Markets
Osborne to run: The Chancellor of the Exchequer, George Osborne, delivered his Autumn Statement yesterday, with a more reduced pace of “austerity” than expected. He was helped by very rosy Office for Budget Responsibility’s (OBR) forecasts on growth and tax receipts, allowing for a budget surplus in 2020 with fewer cuts to public services....
en/the-hub/the-hub-details/news/weekly-news-bites-osborne-run/
Autumn Statement: Prudence, but at what price?
Our investment bulletin is in response to the UK Autumn Statement delivered today by George Osborne, Chancellor of the...
Markets
Our investment bulletin is in response to the UK Autumn Statement delivered today by George Osborne, Chancellor of the Exchequer. Our Investment Policy Committee provides analysis on the big picture and what the investment implications are going forward, please see an excerpt below: The Chancellor started the Autumn Statement saying he stewarded an economy...
en/the-hub/the-hub-details/news/autumn-statement-prudence-but-what-pricee/
Charlie Mullins, founder and managing director of Pimlico Plumbers
Charlie Mullins is arguably Britain’s best-known plumber. He launched his business over 30 years ago with little more...
Entrepreneurs
Charlie Mullins is arguably Britain’s best-known plumber. He launched his business over 30 years ago with little more than a bag of tools and a second-hand van. Today, Pimlico Plumbers has a turnover of £25 million and employs 300 staff. He has done much to make plumbing more professional by setting high standards for his own workforce. In the...
en/the-hub/the-hub-details/news/charlie-mullins-founder-and-managing-director-pimlico-plumbers/
US interest rate policy and the seven-year hitch
This article was written by Senior Market Strategist Fahad KamalOn 16 December 2008, the US Federal Reserve (Fed)...
Markets
This article was written by Senior Market Strategist Fahad KamalOn 16 December 2008, the US Federal Reserve (Fed) entered a new era by lowering its benchmark interest rate practically to zero. Policymakers declared a fight against the recession by making it nearly interest-free to borrow.In addition, the central bank began to pump vast amounts of money to...
en/the-hub/the-hub-details/news/interest-rate-policy-and-the-seven-year-hitch/
KB Weekly News Bites: At the last minute
At the last minute: Minutes from the October meeting of the Federal Reserve's Open Market Committee painted a hawkish...
Markets
At the last minute: Minutes from the October meeting of the Federal Reserve's Open Market Committee painted a hawkish picture, with policymakers heartened by the US economy's resilience through a summer of financial market turbulence. They also felt that global economic headwinds had "diminished" and the economic conditions needed to trigger an interest rate...
en/the-hub/the-hub-details/news/weekly-news-bites-the-last-minute/
The search for high income: What are the hidden risks?
Written by Paul Hookway, Senior Fund Analyst at Kleinwort Benson. Many investors have an insatiable desire for income...
Markets
Written by Paul Hookway, Senior Fund Analyst at Kleinwort Benson. Many investors have an insatiable desire for income with little appreciation of the risks that they are taking to achieve it. To illustrate, a portfolio 100% invested in income focused equities should currently deliver a gross yield of 4.3%( 1). In the past couple of months equity markets...
en/the-hub/the-hub-details/news/the-search-for-high-income-what-are-the-hidden-riskse/
KB Weekly News Bites: Wake me up before you owe owe
Wake me up before you owe owe: Christine Lagarde, Managing Director of the IMF, called the collapse in the price of oil...
Markets
Wake me up before you owe owe: Christine Lagarde, Managing Director of the IMF, called the collapse in the price of oil a "splendid wake up call" for economies reliant on oil exports. She commented yesterday that oil-dependent economies needed to restructure in order to compensate for what is likely to be a "prolonged period" of low prices. The sub-$50 oil...
en/the-hub/the-hub-details/news/weekly-news-bites-wake-before-you-owe-owe/
Making a difference
By Marcelle Speller Philanthropy means simply ‘love of mankind’. And, contrary to popular opinion, it’s not just for...
Entrepreneurs
By Marcelle Speller Philanthropy means simply ‘love of mankind’. And, contrary to popular opinion, it’s not just for rich old people. It can involve sophisticated programmes or simple thoughtful acts to help others. As a student, I noticed that a lot of non-perishable food was thrown away at the end of each term. I organised for it to be...
en/the-hub/the-hub-details/news/making-difference/
The tonal middle ground of the French horn, Orpheus Sinfonia
Too loud and the music can have a muddy texture, too quiet and the orchestra may sound “gutless”. Sam Pearce, Principal...
KB Passions
Too loud and the music can have a muddy texture, too quiet and the orchestra may sound “gutless”. Sam Pearce, Principal Horn, Orpheus Sinfonia talks of the patience and skill required in playing this most unpredictable of instruments. What made you decide to become a horn player and how did you get started? I first played the trumpet aged seven,...
en/the-hub/the-hub-details/news/the-tonal-middle-ground-the-french-horn-orpheus-sinfonia/
Q4 - Market Pulse
Market Pulse is a digest of all the 'On the Pulse' articles from the last three months, with some additional material,...
Markets
Market Pulse is a digest of all the 'On the Pulse' articles from the last three months, with some additional material, including the 'Investment strategy' and 'Markets at a glance' articles.Asset allocation and security selection are both essential disciplines when managing a balanced investment portfolio. However, our analysis suggests that getting the asset...
en/the-hub/the-hub-details/news/market-pulse/
KB Weekly News Bites: It’s a’live
It’s a’live: Federal Reserve (Fed) Chair Janet Yellen said yesterday that the improving US economy makes a December...
Markets
It’s a’live: Federal Reserve (Fed) Chair Janet Yellen said yesterday that the improving US economy makes a December interest rate increase “a live possibility”. Her comments pushed bond yields and the US dollar higher. Of course, this possibility could "die down" if the US non-farm payroll figure to be released this Friday is as...
en/the-hub/the-hub-details/news/weekly-news-bites-ites-aelive/
KB Weekly News Bites: Not Newton's Apple
Not Newton's Apple: Apple sales jumped to $51.5 billion in its fourth quarter (ended 26 September 2015), 22% higher than...
Markets
Not Newton's Apple: Apple sales jumped to $51.5 billion in its fourth quarter (ended 26 September 2015), 22% higher than the same period last year. These sales generated net income of $11.1 billion in the period, making the company's full 2015 financial year its most successful ever. As an aside, closely watched results in China – a major market for...
en/the-hub/the-hub-details/news/weekly-news-bites-not-newton-apple/
The leaving of London
London’s business credentials are beyond doubt. With scale, skills, swagger and sparkle in abundance, the capital is a...
Entrepreneurs
London’s business credentials are beyond doubt. With scale, skills, swagger and sparkle in abundance, the capital is a successful global hub that overshadows all other UK towns and cities.Yet, many of London’s brightest and best entrepreneurs – be they start-ups or established enterprises – are thinking the unthinkable by looking to...
en/the-hub/the-hub-details/news/the-leaving-london/
The Fed holds the cards for near-term US dollar volatility
At the US Federal Reserve’s (Fed) September meeting, policymakers postponed the widely expected interest rate hike,...
Markets
At the US Federal Reserve’s (Fed) September meeting, policymakers postponed the widely expected interest rate hike, which would have been the first in ten years. The minutes reveal that committee members believe the economy is at a point to warrant an increase. Yet they want to see evidence that the recent soft patch in global economic activity is not...
en/the-hub/the-hub-details/news/the-fed-holds-the-cards-for-near-term-dollar-volatility/
KB Weekly News Bites: Draghing it out
Draghing it out: The European Central Bank's (ECB) policy committee meets today, with President Mario Draghi expected to...
Markets
Draghing it out: The European Central Bank's (ECB) policy committee meets today, with President Mario Draghi expected to set the foundation for additional quantitative easing later this year. The ECB’s large stimulus program has been reasonably effective, with lending increasing across the continent. However, as with everywhere else, deflation is a...
en/the-hub/the-hub-details/news/weekly-news-bites-draghing-out/
CIO Blog: Dear Ms Yellen
Dear Ms Yellen When are you going to raise interest rates? As Chair of the Federal Reserve, you are being watched by...
Markets
Dear Ms Yellen When are you going to raise interest rates? As Chair of the Federal Reserve, you are being watched by everyone for clues as to when it might happen. Whether it is policymakers globally, investors, savers or borrowers, they are all keeping an eye on your next move as it will likely impact everyone. US interest rates have been flat-lining near...
en/the-hub/the-hub-details/news/cio-blog-dear-yellen/
James Eder, Co-founder of the Beans Group
Launched ten years ago by James Eder and his brother Michael, the student website StudentBeans has become one of the...
Entrepreneurs
Launched ten years ago by James Eder and his brother Michael, the student website StudentBeans has become one of the country’s leading youth media brands. With its array of student offers, discounts and lifestyle content, the platform has acquired hundreds of thousands of regular users and devotees and helped many brands connect with youth audiences. ...
en/the-hub/the-hub-details/news/james-eder-founder-the-beans-group/
KB Weekly News Bites: The EMpire strikes back
The EMpire strikes back: The Wall Street Journal reports that central banks from emerging markets are selling US...
Markets
The EMpire strikes back: The Wall Street Journal reports that central banks from emerging markets are selling US government bonds at the fastest pace on record, showing another angle to the multi-faceted decision to raise US rates. This is the biggest move in the $12.8 trillion US government bond market since the financial crisis. (8/10)Hours to the minutes:...
en/the-hub/the-hub-details/news/weekly-news-bites-the-empire-strikes-back/
Why philanthropy, and why now?
Why are so many entrepreneurs turning their hands to philanthropy - and what’s in it for them? The Philanthropy Workshop...
Insights
Why are so many entrepreneurs turning their hands to philanthropy - and what’s in it for them? The Philanthropy Workshop provides some insights into the growing trend of entrepreneurs getting involved in the business of giving. At first glance, the worlds of business and charity could not seem further apart: one of them involves making money, whilst the...
en/the-hub/the-hub-details/news/why-philanthropy-and-why-nowe/
Business Beat: September - Doing the right thing and a crowdfunding milestone
Our monthly look at what’s new in the world of entrepreneurs, including signs that social entrepreneurs are becoming...
Entrepreneurs
Our monthly look at what’s new in the world of entrepreneurs, including signs that social entrepreneurs are becoming mainstream; evidence of women falling behind in tech company boardrooms; and a connectivity boost for Manchester start-ups. VE day as e-commerce company claims tech growth title: VE Interactive has been named as the UK’s...
en/the-hub/the-hub-details/news/business-beat-september-doing-the-right-thing-and-crowdfunding-milestone/
Investor's Chronicle Podcast: Delyth Richards
Delyth Richards, Head of Funds Research at Kleinwort Benson, today appeared on the Investor's Chronicle podcast with...
Insights
Delyth Richards, Head of Funds Research at Kleinwort Benson, today appeared on the Investor's Chronicle podcast with Moira O'Neill. The podcast covers personal finance, topics discussed are: Portfolio Clinic Simon (age 68) thinks he won't need to draw fully on his self-invested personal pension. But he can improve the shares-only portfolio significantly to...
en/the-hub/the-hub-details/news/investor-chronicle-podcast-delyth-richards/
KB Weekly News Bites: Fiddle East
Fiddle East: Russian defence officials say their aircraft carried out about 20 missions against the Islamic State group...
Insights
Fiddle East: Russian defence officials say their aircraft carried out about 20 missions against the Islamic State group yesterday, significantly altering the balance in the war in Syria. The US, however, believes the targets were merely political opponents of Syria’s embattled leader Bashar al-Assad, a Russian ally. Following the Ukraine, this is the...
en/the-hub/the-hub-details/news/weekly-news-bites-fiddle-east/
Katie Owen
For three days of her working week, Katie Owen is a Private Banker at Kleinwort Benson. On the other two, she is an...
KB Personalities
For three days of her working week, Katie Owen is a Private Banker at Kleinwort Benson. On the other two, she is an entrepreneur - owner and managing director of Sargasso and Grey, an online shoe business designing and creating luxurious leather shoes for women who require shoes in a wider fitting.Broadly, their offering covers three collections: a...
en/the-hub/the-hub-details/news/katie-owen/
Meet the Orpheus Principals: Joe Bronstein, Viola
Kleinwort Benson are proud supporters of Orpheus Foundation, an organisation that supports young musicians in the...
KB Passions
Kleinwort Benson are proud supporters of Orpheus Foundation, an organisation that supports young musicians in the crucial phase between leaving conservatoires and entering the classical music profession. Orpheus provides these young musicians with opportunities to play in public, meet and work with established members of the profession and develop an all-round...
en/the-hub/the-hub-details/news/meet-the-orpheus-principals-joe-bronstein-viola/
Entrepreneur's Lifecycle: Selling your business
At Kleinwort Benson we have a history of working with entrepreneurs throughout their lifecycle, Head of Entrepreneurs...
Entrepreneurs
At Kleinwort Benson we have a history of working with entrepreneurs throughout their lifecycle, Head of Entrepreneurs Team Paul Bentley has put together a three part series explaining the basics that one should think about when approaching a liquidity event. Secure your cashOne of the first tasks you will have to consider following a liquidity event is...
en/the-hub/the-hub-details/news/entrepreneur-lifecycle-selling-your-business/
Entrepreneur's Lifecycle: The path ahead
At Kleinwort Benson we have a history of working with entrepreneur's throughout their lifecycle, Head of Entrepreneurs...
Entrepreneurs
At Kleinwort Benson we have a history of working with entrepreneur's throughout their lifecycle, Head of Entrepreneurs Team Paul Bentley has put together a three part series explaining the basics that one should think about when approaching a liquidity event. The three pillars of wealthSecure your family's future:Safe-guarding the future of your family is the...
en/the-hub/the-hub-details/news/entrepreneur-lifecycle-the-path-ahead/
Entrepreneur's Lifecycle: Building your business
Wealth Management AdviserAt Kleinwort Benson we have a history of working with entrepreneurs, Head of Entrepreneurs Team...
Entrepreneurs
Wealth Management AdviserAt Kleinwort Benson we have a history of working with entrepreneurs, Head of Entrepreneurs Team Paul Bentley has put together a three part series explaining the basics that one should think about when approaching a liquidity event. Appointing your advisers and a central co-ordinator:Bringing the right advisers on board well before the...
en/the-hub/the-hub-details/news/entrepreneur-lifecycle-building-your-business/
Bounding out of the glass
Jamie Ritchie, CEO of Sotheby’s Wine, Americas & Asia, explores the delights of Sotheby’s season of mists and mellow...
KB Passions
Jamie Ritchie, CEO of Sotheby’s Wine, Americas & Asia, explores the delights of Sotheby’s season of mists and mellow fruitfulness in their upcoming Autumn wine auctions in New York.Sotheby’s has unveiled a bumper series of wine auctions for the Autumn season in New York. The Autumn series opens on September 25th with three terrific...
en/the-hub/the-hub-details/news/bounding-out-the-glass/
KB Weekly News Bites: Déjà vu all over again?
It’s like déjà vu all over again: In his quarterly testimony to the European parliament, European Central Bank (ECB)...
Markets
It’s like déjà vu all over again: In his quarterly testimony to the European parliament, European Central Bank (ECB) chief Mario Draghi said the ECB would act if the risks posed by slowing global growth weaken the inflation outlook fundamentally (i.e. more QE possible). China's economic slowdown was also one of Draghi's main concerns, and...
en/the-hub/the-hub-details/news/weekly-news-bites-deja-all-over-againe/
A warm reception: Beaux Arts discuss the work of Paul Mount
Paul Mount, The Nest, 1975, Stainless Steel, Edition 1 of 7, 18 x 24 x 19 inches (46 x 61 x 48 cm)Gallery owners, Reg...
KB Passions
Paul Mount, The Nest, 1975, Stainless Steel, Edition 1 of 7, 18 x 24 x 19 inches (46 x 61 x 48 cm)Gallery owners, Reg and Patricia Singh, cultivate talent among current generations of emerging artists. We first got to know them when we offered their horse sculpture, by Barry Flanagan RA OBE, a home. From here, Beaux Arts have continued to support us in...
en/the-hub/the-hub-details/news/warm-reception-beaux-arts-discuss-the-work-paul-mount/
Reasons to be less positive about emerging market debt
Financial markets are at a crossroads. For the first time since 2009, the world’s most important policymakers – those at...
Markets
Financial markets are at a crossroads. For the first time since 2009, the world’s most important policymakers – those at the US Federal Reserve – will begin to “normalise” loose monetary conditions.It may be a turning point for risk assets. During the good times of the past few years – given record low rates – leverage...
en/the-hub/the-hub-details/news/reasons-less-positive-about-emerging-market-debt/
KB Weekly News Bites: Goldman Cracks
Goldman cracks: Goldman cracks: Oil prices jumped up by nearly 6% yesterday after an unexpected drawdown in crude...
Markets
Goldman cracks: Goldman cracks: Oil prices jumped up by nearly 6% yesterday after an unexpected drawdown in crude stockpiles, but serious industry players appear pessimistic about prices in the medium term. Royal Dutch Shell chief executive Ben van Beurden said a recovery in the price of oil is hard to foresee while Goldman Sachs predicted prices could fall as...
en/the-hub/the-hub-details/news/weekly-news-bites-goldman-cracks/
Darren Westlake, CEO Crowdcube
Crowdfunding, which enables large numbers of people to invest in businesses via online platforms, has undergone a rapid...
Entrepreneurs
Crowdfunding, which enables large numbers of people to invest in businesses via online platforms, has undergone a rapid expansion in recent years, raising money for countless numbers of companies, from startups to more established businesses. One of the biggest players is Crowdcube, the world’s first equity crowdfunding platform. Co-founder Darren...
en/the-hub/the-hub-details/news/darren-westlake-ceo-crowdcube/
CIO Blog: Making the difference
Four years ago, shareholders in Netflix – the S&P 500 listed provider of online movies and shows – suffered a crushing...
Markets
Four years ago, shareholders in Netflix – the S&P 500 listed provider of online movies and shows – suffered a crushing loss as it disastrously attempted to raise prices and restructure. Roughly one-million customers cancelled their subscriptions; Netflix’s share price plummeted to less than $53 from $300 in a matter of weeks, a loss of...
en/the-hub/the-hub-details/news/cio-blog-making-the-difference/
Business Beat: August – Mum’s the word and Becks goes tech
’Mumpreneurs’ boosting the economy: Entrepreneurial mothers are playing an increasingly significant role in sustaining...
Entrepreneurs
’Mumpreneurs’ boosting the economy: Entrepreneurial mothers are playing an increasingly significant role in sustaining the UK’s economic recovery. According to a report by the think tank Development Economics, commissioned by eBay, businesses run by mothers with children aged 18 or under, are generating £7.2 billion annually. Between...
en/the-hub/the-hub-details/news/business-beat-august-mumes-the-word-and-becks-goes-tech/
KB Weekly News Bites: 24 – 27 Aug
Federal Reservations: Cold-dudded view: New York Federal Reserve president Bill Dudley - in many ways the second most...
Markets
Federal Reservations: Cold-dudded view: New York Federal Reserve president Bill Dudley - in many ways the second most important person at the Fed - said yesterday that international developments could lead to a slower global growth rate, making the case for a September rate hike “less plausible”. However, while noting the increased market...
en/the-hub/the-hub-details/news/weekly-news-bites-aug/
Tax Efficient Ways to Withdraw Value from Your Company
*This article was written by Helen Jones – Partner at accountancy firm BDO LLP Helen is a partner in the Private Client...
Entrepreneurs
*This article was written by Helen Jones – Partner at accountancy firm BDO LLP Helen is a partner in the Private Client Team at BDO LLP. With over 20 years’ experience in both Personal and Corporate UK Tax, Helen leads BDO’s Entrepreneurial Private Wealth team and focuses on dealing with wealthy individuals, entrepreneurs and their...
en/the-hub/the-hub-details/news/tax-efficient-ways-withdraw-value-from-your-company/
Coffee with Nigel Spray
Nigel Spray heads up our Private Merchant Banking team - a specialist team providing corporate advisory services...
KB Personalities
Nigel Spray heads up our Private Merchant Banking team - a specialist team providing corporate advisory services primarily to our wealth management clients. What is the most rewarding aspect of your job? Some of the companies we work with are exceptional. Helping to realise their potential is very rewarding for the team as a whole. One example springs to...
en/the-hub/the-hub-details/news/coffee-with-nigel-spray/
Investment Bulletin: Panic and Perspective
Equity markets are in the red and headlines are screaming negative stories about global slowdown and bear markets. Short...
Markets
Equity markets are in the red and headlines are screaming negative stories about global slowdown and bear markets. Short term panic and fear have gripped markets. While some of the underlying fundamentals are largely unchanged and still look promising, near term risks could see the markets deteriorate further. This note highlights some of the key events in...
en/the-hub/the-hub-details/news/investment-bulletin-panic-and-perspective/
KB Weekly News Bites: 17 - 20 Aug
Federal Reservations: In the Federal Reserve (Fed) minutes released last night the message was that rate rises in the...
Markets
Federal Reservations: In the Federal Reserve (Fed) minutes released last night the message was that rate rises in the near-term are inevitable, but that the US economy was not quite ready yet. Most Fed policymakers were reluctant to pull the trigger in July given that they expected inflation to remain weak due to the strong dollar and falling commodity prices....
en/the-hub/the-hub-details/news/weekly-news-bites-aug-1/
What should you do when the stock you own falls out of bed?
It’s 8:05 on a Monday morning. Only 10 minutes earlier, one of the companies in your portfolio reports disappointing...
Markets
It’s 8:05 on a Monday morning. Only 10 minutes earlier, one of the companies in your portfolio reports disappointing financial results. Although the equity market has opened higher than the previous day’s close, the stock falls rapidly by more than 7%. By the end of the day, it has fallen by 8%.From time to time, stocks in our portfolios can...
en/the-hub/the-hub-details/news/what-should-you-when-the-stock-you-own-falls-out-bede/
12 Key Considerations for Attracting Angel Investment
By the UK Business Angels Association (UKBAA) Raising funding for your business is no easy feat, and even understanding...
Entrepreneurs
By the UK Business Angels Association (UKBAA) Raising funding for your business is no easy feat, and even understanding the options available to you can be difficult, not to mention taxing on the brain and a drain on your time. Angel Investment is an option for your business if you have plans to scale and achieve high growth – bringing not only a much...
en/the-hub/the-hub-details/news/key-considerations-for-attracting-angel-investment/
Kleinwort Benson employees triumph at the 2015 Island Games
Last month we profiled three Kleinwort Benson employees who were set to take part in the 2015 Island Games, this year...
KB Passions
Last month we profiled three Kleinwort Benson employees who were set to take part in the 2015 Island Games, this year held in June on the island of Jersey. The Games took place between June 27th - July 3rd. All three competitors had a fantastic Games and all emerged as medal winners.Guernsey’s football team beat the Isle of Man 3-0 to win Island Games...
en/the-hub/the-hub-details/news/kleinwort-benson-employees-triumph-the-2015-island-games/
New Survey says Female Entrepreneurs are More successful Than Men
Women are more likely to set up successful businesses than men, despite encountering more obstacles and a stronger sense...
Entrepreneurs
Women are more likely to set up successful businesses than men, despite encountering more obstacles and a stronger sense of self doubt than their male counterparts, according to new research commissioned by Kleinwort Benson, in partnership YouGov.- More women fear failure, but are less likely to fail than men- Women have to overcome more obstacles than their...
en/the-hub/the-hub-details/news/new-survey-says-female-entrepreneurs-are-more-successful-than-men/
KB Weekly News Bites: Buy on supply
Buy on supply: The International Energy Agency has said that global supplies of oil are growing at "breakneck speed" as...
Markets
Buy on supply: The International Energy Agency has said that global supplies of oil are growing at "breakneck speed" as new shale production comes online and traditional suppliers try to protect market share (i.e. Saudi Arabia), a trend expected to persist well into next year. However, the report also says that the drop in oil prices is pushing up demand at...
en/the-hub/the-hub-details/news/weekly-news-bites-buy-supply/
Guy Watson, the founder of Riverford Organic Farms
Guy Watson, the founder of Riverford Organic Farms, encourages customers to visit the farm where it all started, in the...
Entrepreneurs
Guy Watson, the founder of Riverford Organic Farms, encourages customers to visit the farm where it all started, in the rolling hills of South Devon. Whether they have a meal at the award-winning onsite restaurant or take a self-guided tour of the vegetable fields, the experience is central to the company brand.“So many brands operate in the ether. They...
en/the-hub/the-hub-details/news/guy-watson-the-founder-riverford-organic-farms/
Paul Bentley
How did you begin as a private banker?After studying a finance degree at university, a move into the finance sector was...
KB Personalities
How did you begin as a private banker?After studying a finance degree at university, a move into the finance sector was a natural progression. I graduated and joined Prudential where I quickly realised that I wanted to be advising private clients and that, unfortunately, Prudential was not the place to realise this ambition.My next move was to Mercer, where I...
en/the-hub/the-hub-details/news/paul-bentley/
KB Weekly News Bites: 3 - 6 Aug
Super Markio: Today is the first "Super Thursday" - all part of the "new normal". From this Thursday, the Bank of...
Markets
Super Markio: Today is the first "Super Thursday" - all part of the "new normal". From this Thursday, the Bank of England's (BoE) monthly interest rate decision and the minutes of its Monetary Policy Committee (MPC) meeting will be released together, without a fortnightly gap. Furthermore, every three months, a "Super Thursday" will occur where these two...
en/the-hub/the-hub-details/news/weekly-news-bites-aug-2/
Interview with Lord Mayor of London, Alan Yarrow
More than halfway through his term as Lord Mayor of London, Alan Yarrow reflects on how his city career prepared him for...
KB Passions
More than halfway through his term as Lord Mayor of London, Alan Yarrow reflects on how his city career prepared him for the role, sets out the high points of his tenure to date and the reveals what he’ll miss about the job. How does a career in the city help you to prepare for the role as Lord Mayor of London? The Lord Mayor is a spokesperson for the...
en/the-hub/the-hub-details/news/interview-with-lord-mayor-london-alan-yarrow/
Ben Gilmore
K2 is the name given to an internal development programme at Kleinwort Benson. A number of people are selected on the...
KB Personalities
K2 is the name given to an internal development programme at Kleinwort Benson. A number of people are selected on the basis that they demonstrate a keen synergy with our corporate values and are identified as having the ability to take on a broader role in one to two years’ time.The programme is a mixture of formal learning workshops and learning by...
en/the-hub/the-hub-details/news/ben-gilmore/
KB Weekly News Bites: 27 - 30 July
The Great Stall of China: International Monetary Fund (IMF) Managing Director Christine Lagarde said that the Chinese...
Markets
The Great Stall of China: International Monetary Fund (IMF) Managing Director Christine Lagarde said that the Chinese economy was "resilient” and “strong enough" to withstand the recent turmoil in its equity markets. She noted that Chinese equities are still up 80% on a twelve month basis. The IMF expects the Chinese economy to grow 6.8% this year,...
en/the-hub/the-hub-details/news/weekly-news-bites-july/
Business Beat: July
UK among top countries for female entrepreneurs: Britain is one of the best places in the world for women wanting to...
Entrepreneurs
UK among top countries for female entrepreneurs: Britain is one of the best places in the world for women wanting to strike out on their own in business. That’s according to Dell’s Global Women Entrepreneur Leaders Scorecard. It assessed the opportunities and challenges women face around the world when launching companies, scaling up, creating...
en/the-hub/the-hub-details/news/business-beat-july/
UK commercial real estate sector continues to rally
UK commercial property has continued to provide healthy returns to investors in 2015 and outperformed other asset...
Markets
UK commercial property has continued to provide healthy returns to investors in 2015 and outperformed other asset classes (figure 1). According to the IPD (Investment Property Databank) monthly commercial All Property Index, the sector increased by 6.8% over the first half of the year. CBRE, a commercial property adviser, reported a return of 6.9% over the...
en/the-hub/the-hub-details/news/commercial-real-estate-sector-continues-rally/
Staff Photography Competition
We are delighted to announce the winner of our Kleinwort Benson photography competition.In June we invited members of...
KB Passions
We are delighted to announce the winner of our Kleinwort Benson photography competition.In June we invited members of staff to enter the competition by sending us their best photos that were inspired by our corporate values and the Great British Summer. Thank you to all who entered. We were hugely impressed with all the entries and it was very difficult to...
en/the-hub/the-hub-details/news/staff-photography-competition/
Q3 - Market Pulse
Market Pulse is a digest of all the 'On the Pulse' articles from the last three months, with some additional material,...
Markets
Market Pulse is a digest of all the 'On the Pulse' articles from the last three months, with some additional material, including the 'Investment strategy' and 'Markets at a glance' articles.Although many of the world's leading stock market indices have broken through their record highs this year, history suggests the bull run could go on. Despite some warning...
en/the-hub/the-hub-details/news/market-pulse-1/
KB Weekly News Bites: 19 - 23 July
Rate Expectations: The Bank of England’s Monetary Policy Committee (MPC) minutes released yesterday allude to a palpable...
Markets
Rate Expectations: The Bank of England’s Monetary Policy Committee (MPC) minutes released yesterday allude to a palpable sense of policymaker relief at the resolution of the “Grexit” crisis. As a result, while policy remains ultra-loose, the decision between keeping rates at historic lows versus “normalising” them is becoming more...
en/the-hub/the-hub-details/news/weekly-news-bites-july-1/
Interview with Michael and Caroline Symonds of Rocket
Michael and Caroline are the dynamic brother and sister team partnership behind, Rocket, the family run catering company...
KB Passions
Michael and Caroline are the dynamic brother and sister team partnership behind, Rocket, the family run catering company who have been producing fabulous food for the most discerning corporate and private clients since launch in 2000.When did you set up the company and how did you get it all going?Caroline: Ours has always been a family of foodies. I fondly...
en/the-hub/the-hub-details/news/interview-with-michael-and-caroline-symonds-rocket/
Andrew Evans, CEO of Smart Pension
We meet Andrew Evans, the Chief Executive of Smart Pension with Paul Bentley, Client Director at Kleinwort Benson and...
Entrepreneurs
We meet Andrew Evans, the Chief Executive of Smart Pension with Paul Bentley, Client Director at Kleinwort Benson and learn how their disruptive start-up is changing the pensions game in the UKAndrew, so how did it all begin?Managing Director and co-founder, Will Wynne and I first met working together on a trading floor in the City, in the first week of our...
en/the-hub/the-hub-details/news/andrew-evans-ceo-smart-pension/
KB Weekly News Bites: 13 - 16 July
Ver-sigh: Late last night, the Greek parliament passed sweeping austerity measures in exchange for funding worth up to...
Markets
Ver-sigh: Late last night, the Greek parliament passed sweeping austerity measures in exchange for funding worth up to €86 billion. This funding is still subject to approval by other national parliaments, a process that will take weeks. However, some sort of bridging loan will likely be made to tide Greece over. Summing up the mood of many Greeks, former...
en/the-hub/the-hub-details/news/weekly-news-bites-july-2/
Erik Fairbairn, CEO of POD Point
Green transport advocate Erik Fairbairn breaks into a smile when describing his first business endeavour.Prior to...
Entrepreneurs
Green transport advocate Erik Fairbairn breaks into a smile when describing his first business endeavour.Prior to setting up POD Point, the market leading manufacturer of EV(electrical vehicle) charge points, Fairbairn founded and ran an exclusive supercar share club, ecurie25, whose members rented out the likes of Ferraris and Lamborghinis“The slightly...
en/the-hub/the-hub-details/news/erik-fairbairn-ceo-pod-point/
The euro remains vulnerable to diverging monetary policies
As the Greek crisis stumbles on and equity markets gyrate on the back of ongoing rumours and further negotiations, the...
Markets
As the Greek crisis stumbles on and equity markets gyrate on the back of ongoing rumours and further negotiations, the euro has remained stoically unaffected, even ending up 1.5% against the US dollar since the start of the year (figure 1).While the prospect of ‘Grexit’ remains firmly in the spotlight, the media is speculating on what could, should...
en/the-hub/the-hub-details/news/the-euro-remains-vulnerable-diverging-monetary-policies/
KB Weekly News Bites: 06 - 09 July
"I'm easy like Sunday morning" playing in background: Eurozone leaders will now wait until the weekend for Greece to...
Markets
"I'm easy like Sunday morning" playing in background: Eurozone leaders will now wait until the weekend for Greece to submit new proposals on the country's debt crisis. On Sunday, German Chancellor Angela Merkel has called for a full 28-nation EU summit where "decisive" action will be taken. While she declared unequivocally that a debt haircut was out of the...
en/the-hub/the-hub-details/news/weekly-news-bites-july-3/
Investment Bulletin - Grexcruciating
GrexcruciatingThis week has been a veritable microcosm of the “Grexit” crisis that began in 2010. On Monday, the...
Markets
GrexcruciatingThis week has been a veritable microcosm of the “Grexit” crisis that began in 2010. On Monday, the headlines screamed an agreement was in the offing at an “emergency summit”: equity markets rallied sharply, up over 4% in much of Europe; bond yields rose as investors eschewed safe-havens. On Tuesday, the positivity...
en/the-hub/the-hub-details/news/investment-bulletin-grexcruciating/
KB Weekly News Bites: 29 June - 02 July
Isle be back: The UK economy grew by 2.9% in the year ending March 2015, up from a previous estimate of 2.4%. More...
Markets
Isle be back: The UK economy grew by 2.9% in the year ending March 2015, up from a previous estimate of 2.4%. More importantly, household disposable income grew by 4.5% year-on-year, the fastest annual pace since the second quarter of 2001. Indeed, as the uncertainty caused by the general election was largely overestimated, it is likely that the second quarter...
en/the-hub/the-hub-details/news/weekly-news-bites-june-july/
Island Games: Chris Spence
In the third of our series profiling Kleinwort Benson employees who are entering the competition, we meet Chris Spence,...
KB Passions
In the third of our series profiling Kleinwort Benson employees who are entering the competition, we meet Chris Spence, one of the Senior Infrastructure Engineers in our Jersey office.Chris first started cycling when he took up Triathlon, switching to cycling in 1993 when he participated in his first Island Games.He will be competing in the Cycling Events,...
en/the-hub/the-hub-details/news/island-games-chris-spence/
KB Weekly News Bites: 22 - 25 June
Mission Impasse-able: The optimism from earlier this week surrounding a debt deal for Greece faded dramatically...
Markets
Mission Impasse-able: The optimism from earlier this week surrounding a debt deal for Greece faded dramatically overnight as creditors were unimpressed with the latest proposal submitted by Greece. Essentially, the Greek government believes it has ceded much ground in its most recent iteration, but the creditors don't think it nearly enough. The impasse...
en/the-hub/the-hub-details/news/weekly-news-bites-june-1/
Maintaining our negative view on oil and gold despite improving momentum
With gold and oil prices flirting with positive momentum in sterling terms, what are the prospects for both commodities...
Markets
With gold and oil prices flirting with positive momentum in sterling terms, what are the prospects for both commodities over the rest of 2015? GoldIn contrast to its volatile start to the year, the second quarter was a more stable period for gold. Prices were flat in US dollar terms over the three months and traded within a 5% range, compared with a 12% range...
en/the-hub/the-hub-details/news/maintaining-our-negative-view-oil-and-gold-despite-improving-momentum/
Island Games: Angela Perret
The Island Games will this year be held in Jersey from Saturday 27th June to Friday 3rd July. In the second of our...
KB Passions
The Island Games will this year be held in Jersey from Saturday 27th June to Friday 3rd July. In the second of our series profiling Kleinwort Benson employees who are entering the competition, we meet Angela Perret, Senior Officer in the Employee Incentive Services team in our Jersey office.Angela will be competing in the Archery Compound Team and Individual...
en/the-hub/the-hub-details/news/island-games-angela-perret/
KB Weekly News Bites: 15-18 June
“Political” and “moral” in one sentence? Today's meeting of eurozone finance ministers will take place in an atmosphere...
Markets
“Political” and “moral” in one sentence? Today's meeting of eurozone finance ministers will take place in an atmosphere of great tension. Striking a softer tone, Greek finance minister Varoufakis has said that his country has a "political and moral duty" to reach an agreement. Of course, he would certainly have been tempered by a Greek...
en/the-hub/the-hub-details/news/weekly-news-bites-june-2/
The Island Games
Held in Jersey this year, the Island Games have a long running tradition. The first games were held in the Isle of Man...
Markets
Held in Jersey this year, the Island Games have a long running tradition. The first games were held in the Isle of Man in 1985 when approximately 700 competitors from 15 islands competed in seven different sports. Athletes came from as far afield as Iceland and Scandinavia, the Mediterranean, St Helena, and from around the British Isles.The idea behind the...
en/the-hub/the-hub-details/news/the-island-games/
KB Weekly News Bites: 08 - 11 June
Strength and dollar: The World Bank cut its global growth outlook for this year to 2.8% from 3.0%, urging countries to...
KB Passions
Strength and dollar: The World Bank cut its global growth outlook for this year to 2.8% from 3.0%, urging countries to "fasten their seat belts" given the impending rise in US interest rates. Furthermore, the World Bank's chief economist advised the Federal Reserve to delay hiking rates as it may lead to an undue strengthening of the dollar, with undesirable...
en/the-hub/the-hub-details/news/weekly-news-bites-june-3/
What trustees should know about investing in assets
Trustees can invest in a broad range of assets, but should consider their suitability and specific pitfalls before doing...
Insights
Trustees can invest in a broad range of assets, but should consider their suitability and specific pitfalls before doing so. Trustees deal with, and have responsibility for, an enormous range of assets. Trading companies, art, antiques, jewellery, real property, houses, farms, estates, woodlands, cars, boats, planes -the list goes on. All have their specific...
en/the-hub/the-hub-details/news/what-trustees-should-know-about-investing-assets/
Zoe Jackson, founder of performing arts company Living the Dream
When a 16-year-old Zoe Jackson found the door to a dance career closed in her face – she couldn’t afford the theatre...
Entrepreneurs
When a 16-year-old Zoe Jackson found the door to a dance career closed in her face – she couldn’t afford the theatre school course fees – she decided to open one of her own, quite literally, by launching her performing arts company, Living the Dream.Since then her school of performing arts has set hundreds of youngsters on the path to a...
en/the-hub/the-hub-details/news/zoe-jackson-founder-performing-arts-company-living-the-dream/
KB Weekly News Bites: 01-04 June
Precision engineering can’t help: Germany's birth rate is now the lowest in the world. The figures, by auditors BDO,...
Markets
Precision engineering can’t help: Germany's birth rate is now the lowest in the world. The figures, by auditors BDO, forecast that the labour force participation rate (percentage of working age in work) would drop from 61% to 54% by 2030, prompting serious fears that labour shortages will damage the economy. Immigration and increased women's...
en/the-hub/the-hub-details/news/weekly-news-bites-june-4/
Kleinwort Benson Mansion House Reception
Lord Mayor hosts reception for Kleinwort Benson, with Election night wit and repartee from the Editor in Chief of the...
KB Passions
Lord Mayor hosts reception for Kleinwort Benson, with Election night wit and repartee from the Editor in Chief of the Week, Jeremy O’Grady The City of London’s Mansion House, housing one of the finest collections of 17th century Dutch paintings the world has ever seen and home to Alan Yarrow, Lord Mayor of London and formerly of Kleinwort Benson....
en/the-hub/the-hub-details/news/kleinwort-benson-mansion-house-reception/
CIO Blog: Forever blowing bubbles
With stock markets hitting all time highs, the question on everyone’s mind is how long will this bull market last. Since...
Markets
With stock markets hitting all time highs, the question on everyone’s mind is how long will this bull market last. Since March 2009, global equities have rallied 140 per cent and investors have more than doubled their money in the asset class. But can the equity market still produce good returns from here? Purely on longevity grounds, the answer is yes....
en/the-hub/the-hub-details/news/cio-blog-forever-blowing-bubbles/
KB Weekly News Bites: 25 - 28 May
Yen, again and again: An ever weaker yen has led Japanese equities to rise for the 10th consecutive day; they hit yet...
Markets
Yen, again and again: An ever weaker yen has led Japanese equities to rise for the 10th consecutive day; they hit yet another 15-year high capping the longest winning streak since February 1988. The dollar is now trading at ¥124; some analysts believe it will drop as low as ¥140, given the diverging monetary paths of each country.(28/5)Mixed bag: Louis...
en/the-hub/the-hub-details/news/weekly-news-bites-may/
Overcoming the pitfalls of insuring the wealthy
If there is one thing that can be said about the asset insurance requirements of the wealthy and super-rich it is that...
Insights
If there is one thing that can be said about the asset insurance requirements of the wealthy and super-rich it is that no two clients are the same. Many will own multiple homes, often overseas, valuable works of art, expensive jewellery and luxurious cars. Yachts and aircraft regularly make up the portfolio of assets requiring specialist insurance not catered...
en/the-hub/the-hub-details/news/overcoming-the-pitfalls-insuring-the-wealthy/
Should the UK housing market celebrate or commiserate?
Many property professionals have been encouraged by the Conservative Party’s victory in the recent UK general election....
Markets
Many property professionals have been encouraged by the Conservative Party’s victory in the recent UK general election. However, the chief economist of the Royal Institute of Chartered Surveyors (RICS), Simon Rubinsohn, says the UK’s housing issue is a “national emergency”.The general feeling among estate agents and property brokers is...
en/the-hub/the-hub-details/news/should-the-housing-market-celebrate-commiseratee/
KB Weekly News Bites: 18-21 May
The Great Rate Wait of 2015: Federal Reserve (Fed) officials at the late April policy-setting meeting believed it would...
Markets
The Great Rate Wait of 2015: Federal Reserve (Fed) officials at the late April policy-setting meeting believed it would be premature to raise interest rates in June. Most participants expected a slowing US economy to pick up pace after a slowdown in the first quarter, but worried that falling oil prices did not spur consumer spending as much as could have been...
en/the-hub/the-hub-details/news/weekly-news-bites-may-1/
Sotheby’s wine auctions reveal vintage trends
Sotheby’s has auctioned wine in London since 1970, New York since 1994 and Hong Kong since 2009. The monthly wine...
Insights
Sotheby’s has auctioned wine in London since 1970, New York since 1994 and Hong Kong since 2009. The monthly wine auctions in London are often the first place where developments in the market become visible. Bordeaux will always be the mainstay of the auction market, and in particular, the five first growth châteaux on Bordeaux’s ‘Left...
en/the-hub/the-hub-details/news/sothebyes-wine-auctions-reveal-vintage-trends/
Family Wealth Series: Setting out ground rules
A system of governance can be key to managing family wealth, by setting out ground rules, family members understand how...
Insights
A system of governance can be key to managing family wealth, by setting out ground rules, family members understand how decisions are taken and why they should be bound by them. In order to preserve family wealth from one generation to the next, it’s critical to bind the family together and manage competing interests. It’s possible to achieve this...
en/the-hub/the-hub-details/news/family-wealth-series-setting-out-ground-rules/
KB Weekly News Bites: 11-14 May
Sleeping on the job: The Bank of England (BoE) has cut its 2015 growth forecast from 2.9% to 2.5% and said that interest...
Markets
Sleeping on the job: The Bank of England (BoE) has cut its 2015 growth forecast from 2.9% to 2.5% and said that interest rates would not rise for about a year as short-term deflation is still expected. Importantly, the Bank downgraded expectations for wage growth in 2015 from 3.5% to 2.5%. While this is still far above the current 0% inflation level, the BoE...
en/the-hub/the-hub-details/news/weekly-news-bites-may-2/
With value investing it’s about quality, not quantity
Last quarter we explored how value investing – simply buying the cheapest stocks – tends to outperform over the long...
Markets
Last quarter we explored how value investing – simply buying the cheapest stocks – tends to outperform over the long term (read here). Yet investors still run the risk of getting caught in “value traps” – bargain stocks that fail to perform. How can we avoid these value traps? In other words, how can investors be more...
en/the-hub/the-hub-details/news/with-value-investing-ites-about-quality-not-quantity/
KB Weekly News Bites 04 - 07 May
Cracks of Union?Today the UK votes in a general election. The first Parliament of Great Britain was established in 1707,...
Markets
Cracks of Union?Today the UK votes in a general election. The first Parliament of Great Britain was established in 1707, following the merger of the Kingdom of England and the Kingdom of Scotland under the Acts of Union. Ironically, some commentators believe that this election - unprecedented in many respects - may be the undoing of the Union as we know it. We...
en/the-hub/the-hub-details/news/weekly-news-bites-may-3/
Tony Goodwin CEO of Recruitment Specialist Antal International
When Tony Goodwin wrote a book about entrepreneurship a few years ago, the theme he chose might have struck some as odd....
Entrepreneurs
When Tony Goodwin wrote a book about entrepreneurship a few years ago, the theme he chose might have struck some as odd. ‘How They Blew It’ charts the demise of a host of business titans. As the CEO and founder of Antal International, a very successful global recruitment company, why adopt such an approach?“I remember from a very young age...
en/the-hub/the-hub-details/news/tony-goodwin-ceo-recruitment-specialist-antal-international/
Kleinwort Benson supports the Haven at BADA fair
London’s Duke of York Square, played host to the 23rd British Antique Dealers’ Association (BADA) Antiques & Fine Art...
KB Passions
London’s Duke of York Square, played host to the 23rd British Antique Dealers’ Association (BADA) Antiques & Fine Art Fair, the annual showcase event for members of BADA. The BADA Fair welcomed collectors and first time buyers alike from all over the world.Kleinwort Benson was delighted to be given the opportunity to support The Haven through...
en/the-hub/the-hub-details/news/kleinwort-benson-supports-the-haven-bada-fair/
KB Weekly News Bites 27 - 30 April
Dickensian Expectations: Profit warnings from UK-listed companies rose in the first quarter of 2015 despite the improved...
Markets
Dickensian Expectations: Profit warnings from UK-listed companies rose in the first quarter of 2015 despite the improved economic outlook, as per a report from EY. There were 77 profit warnings in the period, three more than a year earlier. The report said, "the recovery hasn't increased predictability and companies still have little room for manoeuvre when...
en/the-hub/the-hub-details/news/weekly-news-bites-april/
Gilt trip: UK government bond markets could become volatile
April’s MPC minutes contained enough hawkish comments to send 10-year gilt yields back up through 1.7% for the first...
Markets
April’s MPC minutes contained enough hawkish comments to send 10-year gilt yields back up through 1.7% for the first time since mid-March (figure 1). A minority of officials said their decision to keep rates at record lows was “finely balanced”, which is hardly a resounding call for immediate rate hikes. Yet with gilts looking extremely...
en/the-hub/the-hub-details/news/gilt-trip-government-bond-markets-could-become-volatile/
Mental Capacity – What do you need to know?
There is no doubt that mental health and mental capacity issues are no longer the taboo they once were. Working with...
Insights
There is no doubt that mental health and mental capacity issues are no longer the taboo they once were. Working with individuals and families who are struggling to come to terms with challenges to their ability to manage wealth is not necessarily plain sailing. We see a number of themes in our practice and the most common illnesses are: Age related illnesses...
en/the-hub/the-hub-details/news/mental-capacity-what-you-need-knowe/
KB Weekly News Bites 19 - 23 April
The turbulent Sixties: Oil prices remain near a 2015 high (Brent $63.3; WTI $56.3), having climbed 18% in three weeks...
Markets
The turbulent Sixties: Oil prices remain near a 2015 high (Brent $63.3; WTI $56.3), having climbed 18% in three weeks due to mounting concern over the conflict in Yemen. In latest developments, the US navy announced that it had sent an aircraft carrier and a guided-missile cruiser into waters near the country. Prices were also supported after the domestic oil...
en/the-hub/the-hub-details/news/weekly-news-bites-april-1/
Beaux Arts: From Cornwall to Mayfair...
Gallery owners, Reg and Patricia Singh, cultivate talent among current generations of emerging artists opening their...
KB Passions
Gallery owners, Reg and Patricia Singh, cultivate talent among current generations of emerging artists opening their first gallery in the Cornish town of St Ives in 1971 representing work by the St Ives School of Painting. They opened Beaux Arts Bath in 1979 and, after two decades in London’s Cork Street, opened their Maddox Street gallery in 2014. We...
en/the-hub/the-hub-details/news/beaux-arts-from-cornwall-mayfair/
Market Pulse Q2 - 2015
Market Pulse is a digest of all the 'On the Pulse' articles from the last three months, with some additional material,...
Markets
Market Pulse is a digest of all the 'On the Pulse' articles from the last three months, with some additional material, including the 'Investment strategy' and 'Markets at a glance' articles.This year’s UK general election is one of the most tightly contested in a generation and an outright majority for one of the main parties appears unlikely. Our...
en/the-hub/the-hub-details/news/market-pulse-2015/
KB Weekly News Bites: 12 - 17 April 2015
A selection of interesting facts and figures from the past week: Mad Chancellor George: The latest data on UK...
Markets
A selection of interesting facts and figures from the past week: Mad Chancellor George: The latest data on UK unemployment will be released at 9:30am; it is expected to fall to 5.6%, dramatically lower than the near 10% when this administration took charge. In a mea culpa after the fierce “austerity” criticism of a few years ago, the head of the...
en/the-hub/the-hub-details/news/weekly-news-bites-april-2015/

Disclaimer

Your eligible deposits with Kleinwort Benson Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Please click here for further information or visit www.fscs.org.uk

Kleinwort Benson places all client deposits with a spread of approved counterparties including other parts of the Societe Generale Group (the “Group”). As such their financial standing is linked to that of the Group. Depositors should form their own view of the financial standing of the Group based upon publicly available information.

Kleinwort Benson is a participant in the Guernsey Banking Deposit Compensation Scheme (the ‘Scheme’). The Scheme offers protection for ‘qualifying deposits’ up to £50,000.00 subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000.00 in any 5 year period. Full details are available on the Scheme’s website www.dcs.gg or on request. Please note deposits with Kleinwort Benson outside the UK are not covered by the UK FSCS.