Coutts, the UK private bank, has launched its Discretionary Portfolio Service, aimed at clients with at least £1 million ($1.5 million) to invest.

Clients will be offered a dedicated DPS portfolio manager who, together with a Coutts wealth manager, will work with the client to define investment goals and risk profile. Subsequently, customers are put into one of three investment strategies - defensive, balanced or growth. 

The DPS team is led by Simon Pinckney, who has more than 25 years’ experience in financial services.  He leads the team of portfolio managers, all of whom have extensive investment experience.