Arbuthnot Latham is to extend its discretionary fund management offering to serve independent financial advisers (IFAs), solicitors and accountants.
The launch of the service is part of the private bank’s push to increase its current private and corporate client base.
The UK-based private bank said that extending the offering to the professional adviser market will meet the increasing demand for discretionary investment management ahead of the Retail Distribution Review.
The bank appointed Gareth Syms, former head of business development at Brooks Macdonald, and former Zurich Intermediary Group business development manager Kevin Rait to enhance the bank’s relationships with the new band of clients.
SocGen focus on legal sector
Arbuthnot Latham’s push towards a new professional client set follows Société Générale Private Bank’s launch of a wealth management service for legal professionals last month.
The French bank said the service is to feature a capital loan facility to partners in law firms alongside the bank’s wealth management offerings, including banking, credit, financial planning and investment services.
Société Générale hopes the new service will allow it to establish a foothold in the rapidly growing City of London legal sector.