Strategy

Offshore Bank Launches Rep Office in LA

Christopher Owen 28 August 2007

Offshore Bank Launches Rep Office in LA

Lloyds TSB Offshore, the Jersey-based subsidiary of the UK financial services group, has opened its third representative office in the US, in Century City, Los Angeles. It will focus on serving US citizens going abroad, as well as the large expatriate UK and international community living in California and throughout the western US. Lloyds TSB Offshore previously had two representative US offices in the US – on the southeast coast in Miami, Florida and on the northeast coast in Stamford, Connecticut. At the same time, the bank is rolling out a package of financial services to US clients with an interest in the UK and EU. These services include international bank accounts, international mortgage services and access to savings and investments. "Our International Account completely eliminates the delays at the UK end by providing customers with an established, triple-currency personal bank account in US dollars, sterling and euros, before they travel to the UK,” said Christian Kramer, US regional director for Lloyds TSB Offshore. Lloyds TSB Bank has offices in the Channel Islands and the Isle of Man, together with representative offices in the USA, Europe, the Middle East, Africa and Asia.

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