For personal banking including lending requirements, as well as referrals to Investec Wealth & Investment for existing private banking clients.
The challenge
A C-Suite executive recently approached Investec when she returned to the UK to spend more time with her family, following a post as CEO for an international energy company. The client needed a private bank and wealth management firm that could cater for her day-to-day transactions and foreign exchange needs, as well as providing a mortgage, offshore banking, financial planning and investing capabilities in a joined-up way.
With a clear understanding of the client’s long-term aspirations, we were able to provide a tailored service that was curated and managed by a Private Banker.
Day-to-day transactional banking
First, we set up a bank account for UK transactions, as well as a Currency Access account which can hold up to 15 currencies simultaneously and be managed online through one interface.
Efficient Foreign Exchange
A dedicated Foreign Exchange Dealer then worked with the client to identify when conversion to sterling was required and monitor markets to execute transactions when agreed rates were met.
A bespoke mortgage
As we work with a number of corporate professionals, we understood the client’s income consisted of a salary, bonus and some share exposure, which enabled us to offer a high LTV mortgage on a six-bedroom family home. As our client wanted to keep her existing home as an investment property, we were also able to re-mortgage this asset as a buy-to-let property.
Wealth management
With the next generation to consider, our client was keen to ensure her assets were structured in a tax-efficient way and her wealth had the potential to grow in the future. Our Investec Wealth & Investment colleagues were able to explore her options. We work with many corporate professionals to find solutions which incorporate appropriate allowances and investment vehicles including ISAs and Junior ISAs, as well as investment portfolios which are aligned with personal risk appetites and values.
We are here to help. If you would like to speak to us about your personal financial situation, please get in touch today.
Investec Private Banking
Investec Wealth & Investment
For financial planning and investment management advice
Important information:
This case study is a representative example based on the services we provide.
The value of your investments can go down as well as up and you may not get back the full amount invested. Your capital is at risk.
