Entrepreneurs and elite sports people targeted by new Private Office service from Investec

According to a statement, the service will be for investors with ?more complex needs? and those with at least ?10m at their disposal.

Called Private Office, it will provide: bespoke discretionary portfolio management, wealth structuring, private banking, financial planning, corporate finance and banking, philanthropy advice, foreign exchange and institutional brokerage.

Led by Andrew Butler-Cassar, who Investec describes as a highly experienced high-net worth individual investment specialist, it has been created after ?extensive market research?.

Going into more detail, 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.?

Read more about high-net worths:

Butler-Casser will be backed up by a ?growing team? of 19 professionals, and believes that his group have all the requisite experience and professionalism to provide the right quality service and advice. ?It?s part of our DNA at Investec,? he added.

Investec believes that Private Office will appeal to entrepreneurs, elite sports people and the ?very top professionals? from industry and vocation.

The new service?s pitch reads: ?Whether you would like to discuss the technicalities of an initial public offering, how to ensure your business represents itself to the City beneficially, or you would simply like to transfer money from one account to another, we will devise the most appropriate course of action, whether it be internal or external to Investec.?

The latest available figures from IW&I showed that it had around 950 staff located at its 15 offices across the UK. Following the integration of Williams de Bro? in August 2012, the firm had in excess of ?24bn of client funds under management (as of 31 March 2014).

Image: Shutterstock

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