Lloyds Bank International Customer Relationship Agreement

By : | 0 Comments | On : April 10, 2021 | Category : Uncategorized

Shepherd added that the agreement would “significantly increase” the company`s international UMF, “bringing a quality discretionary portfolio base and adding to our offering of clients, consultants and agents a wide range of multi-asset and fixed funds.” He said: “It also brings additional intermediate relationships that increase our distribution reach. I am particularly pleased that the close relationships we have forged with the management team at Lloyds Bank International mean that we are entering into a partnership agreement for cross-customer recommendation, with a common commitment to explore other opportunities for cooperation between companies. We are committed to making banking experiences safe – see how. We are currently seeing a large number of calls. So that we can help those who are in the weakest situations, do not call if there is an emergency. Remember that you can do most of your banking work online, either with our app or via Internet Banking. The agreement increases Brooks Macdonald`s managed international funds by up to two-thirds to $2.5 billion and generates multi-asset and fixed income fund capacity. It will also strengthen the Group`s international distribution effort. This will increase the group`s managed pro forma funds by 8% to more than $13 billion. The acquired, Jersey-based company will be renamed Brooks Macdonald International, with “a number” of current Lloyds employees offering roles to “expand and strengthen” the company`s international skills to ensure continuity of after-sales service, according to the company. In a separate agreement, the companies will have a “mutual agreement” in which both parties will provide relevant services to each other`s customers. If you have an establishment or want to grow, we can support your business.

“This acquisition… is one step closer to achieving our growth ambitions, complements our organic strategy, brings added value to shareholders and brings benefits to customers and intermediaries. Brooks Macdonald Asset Management will take over Lloyds Bank`s asset and fund management business for close to $10 million. Check out our product and service offering to meet your financial needs. Personalised service and advice to protect and maintain your wealth. The agreement, due to be concluded in the fourth quarter of this year, subject to approval by the authorities, provides that Brooks Macdonald will purchase 100% of lloyds Investment Fund Managers` (LIFM) equity capital and discretionary assets of $1 billion. . The acquisition is Brooks Macdonald`s second last year, after buying Edinburgh-based Cornelian Asset Managers in November for a fee of up to $39 million.

Brooks Macdonald CEO Caroline Connellan (Photo) said the appointment of Andrew Shepherd as CEO of Brooks Macdonald International in April of last year “has seen the relaunch of the company, the supply for clients, consultants and agents.” LBFM provides an additional $500 million to Brooks Macdonald to managed funds and approximately 1,200 clients in its investment management activities, as well as $500 million in assets and approximately 10,500 clients through its fund activities. She added: “The acquisition of Lloyds` offshore asset and fund business contributes to this transformation and brings more scope, new skills and a wider range of sales. Lloyds Bank plc. Headquarters: 25 Gresham Street, London EC2V 7HN. Recorded in England and Wales No. 2065. Lloyds Bank plc is licensed by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Share This Post!