Banque Transatlantique, a French private bank owned by Credit Mutuel-CM11, is set to introduce a discretionary and advisory wealth management business in the UK in January 2018.
The new offerings will be developed through regulated third-party funds from global equities, government bonds, credit and alternative asset classes as well as strategies.
Go deeper with GlobalData
The bank has appointed Robert Jeffree to lead the new business in the role of CIO. Jeffree, who will be based in London, most recently served as the CIO of C. Hoare & Co.
His investment management career spans over two decades and includes stints at HSBC Asset Management, McKinsey, and New Star.
Banque Transatlantique London branch general manager Gwenole Le Blevennec said: “Banque Transatlantique continues to invest in the development of its UK operations, as we remain optimistic about the City’s post-Brexit prospects, and as a French bank are committed to growing our presence in the UK.”
