UK-based Investec Wealth & Investment (IW&I) has launched Private Office, a new service for individuals with net worth of at least £10m.
The service will cater to HNW clients, business owners, entrepreneurs and investors with complex financial needs.
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Private Office will offers access to the services of the wider Investec Group and will provide a range of services, both onshore and offshore, which have traditionally been available only to clients with a significantly higher net worth.
Andrew Butler-Cassar, a HNWI investment specialist, will lead the service, supported by a core and growing team of 19 professionals.
Investec Wealth & Investment divisional director of Private Office Andrew Butler-Cassar said: "Private Office addresses a clear market need for an integrated service targeting successful entrepreneurs and business owners, the sports and media sectors and those specialising in alternative finance such as private equity or hedge funds.
"These are often time-poor and sophisticated individuals looking for a single access point to meet their financial objectives."
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