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*Home > Group Information > Investor Relations > Financial Results > Results 2000 > Report and Accounts > Wealth Management
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Group Information

Wealth Management

Above: Bob Hoskins, actor and Coutts client with Richard Kay, Private Banker, Sports and Entertainment, Coutts

As one of the UK's leading private banks, Coutts provides wealth management services to a high proportion of the most well-known names in business, entertainment and sport - including actor Bob Hoskins.

We increased our contribution by 13 per cent to £459 million.
Gordon Pell Executive Director and Chairman, Retail Banking and Wealth Management

  • Wealth Management provides banking, wealth management, investment management, financial planning and trust and fiduciary services to a wide spectrum of personal, private and corporate clients.

  • Coutts is one of the UK’s leading private banks, with 38 offices worldwide. It saw a 6% increase in its customer base last year, with exceptionally strong growth in some specialist areas. The number of professional footballer and motor racing clients doubled, whilst the number of music industry clients grew by 20%.

  • In the UK, Coutts assets under management grew by 6% against a backdrop of difficult market conditions in equities. Coutts Group has £34.7 billion assets under management worldwide.

  • Coutts operates one of Europe’s largest funds of hedge fund managers with over US$2.7 billion invested.

  • NatWest Stockbrokers continues to be one of the leading providers of sharedealing services for private investors and is one of the three largest brokerages in the UK by volume of trades.

  • NatWest Private Banking and Private Banking at The Royal Bank of Scotland were launched using Coutts investment management experience and products to provide a wealth management service for customers.

  • Adam & Company continued to build on its unique position as the only Scottish registered private bank to offer a full banking and investment management service. During 2001, Adam & Company reached agreement with First State Investments Limited to provide investment administration services for its Stewart Ivory business, which will take funds under administration to £3 billion.

  • The Royal Bank of Scotland International (RBSI) increased its contribution by providing innovative offshore solutions in specialist areas such as corporate and structured finance, offshore financial markets, securities services and expatriate banking. RBSI strengthened its position further by completing delivery of its industry-leading, multi-currency electronic banking system.

  • The NatWest-branded offshore businesses continued to grow and are seeing the benefits of integration, including the completed migration of offshore customer accounts to RBSI’s multi-currency system and the start of a major investment programme in Isle of Man Bank.
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