For the full year 2011, operating income at group’s private banking arm increased to GBP17.7 million, from GBP14.4 million a year ago.
Discretionary assets under management registered a 40% jump and fee income from wealth planning rose by 10%, the group said in its release.
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The group as a whole posted a pre-tax profit of GBP5.1 million, compared to GBP4 million a year ago.
Revealing its future expansion plans, the British group said that it is in the process of setting up an international private banking business in Switzerland.
