Back in July 2006, Kleinwort Benson split its business into two distinct lines – private wealth management and corporate fiduciary and inter...

Back in July 2006, Kleinwort Benson split its business into two distinct lines – private wealth management and corporate fiduciary and intermediaries - after a strategic review under the stewardship of Robert Taylor, the bank's chief executive. With last month's announcement of the appointment of dedicated managing directors for Jersey and Guernsey, WealthBriefing asked Mr Taylor what was driving these moves. He said: “We intend to continue concentrating on the entrepreneurs market - our historical base as a merchant bank means our clients stem from the heart of the UK enterprise culture and we have offered this market state-of-the-art products and supported our strong technically-skilled group of professionals offering them specialist tax, fiduciary and product advice". He also revealed that front-office relationship management staff will have jumped from 30 to 60 by the end of next year and that further UK regional office openings are in the pipeline. The bank announced at the beginning of this year that it was looking to hire private bankers in Manchester, Birmingham and Newbury.