Bank LombardOdier & Co Ltd. and Kleinwort Benson Bank Ltd. have increased their staffnumbers based in the U.K., despite concerns over Britain's departure from theEU, the Financial Times reportedSept. 21.
Lombard Odier will hire an additional five private bankersin London, over the rest of 2016, while the appointment of another five hasbeen planned for 2017, according to the FTreport. Lombard Odier's U.K. private client business , Duncan MacIntyre, noted that June'sBrexit vote had not derailed its expansion plans and business growth in thecountry. The Swiss lender is looking to strengthen its investment and wealthmanagement divisions, along with the launch of an independent asset managementunit for fund managers and multifamily offices.
Meanwhile Kleinwort Benson Bank, which was by in June, has alsoadded to its specialist merchant banking team in London following an increasein demand for private equity exposure to the U.K., according to the bank's CEO,Eric Barnett.
"Our pipeline has never been busier focusing on theU.K. mid-market, which we believe has responded very positively toBrexit," said Barnett.