Lloyds International Private Bank has launched a London Expat Service, providing face to face support for high net worth individuals (HNWIs) moving to the UK.
The service will give clients access to Lloyds’ bank accounts both in the UK and internationally with a dedicated website for expat clients, enabling online booking for face to face meetings.
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In addition, the service will provide introductions to specialist advisers within Lloyds Banking Group such as private banking and investment advice managers in the UK and international premier managers for clients needs while abroad.
It will also provide introductions to third parties, such as legal and accounting professionals.
To use the London Expat Service, clients will need to have a sole annual income and employment benefits package of at least £100,000.
The service was initiated in the second half of 2014 and is available at Lloyds’ London branches including Oxford Street, Cheapside and Chelsea.
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By GlobalDataRichard Musty, international private bank director at Lloyds Bank, said:
"The London Expat Service brings together key areas of our UK and International business to offer even more choice for clients. By supporting Resident Non-Domiciles we continue to help promote inward investment and talent into the UK."
The announcement comes after the UK conservative party won the May 2015 general election, where the opposing Labour party had proposed an end to non-domicile status in the UK.
