Coutts, the private banking arm of RBS, has decided to base its global trust operation in Jersey Island.
By developing and expanding the Jersey operation, Coutts aims to create a flagship Trust company from a single centre of expertise. This specialist centre will focus on providing wealth structuring solutions for clients on an international scale.
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The company plans to create at least 15 new jobs by the end of 2013, which will increase the tally of total workforce from 75 to 90.
The company is also scaling down its trust business in Geneva and is looking out for a buyer for its trust operation in the Cayman Islands.
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