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Star status for Fairbairn Private Bank

31 January 2009

FAIRBAIRN PRIVATE BANK IS AWARDED MAXIMUM THREE STAR STATUS

Fairbairn Private Bank has been granted ‘Star Status’ for the fourth year running in the Best Companies business accreditation system.  Launched in 2006, Best Companies Accreditation has been established to acknowledge corporate excellence in the workplace. This elite accreditation takes the format of a Michelin style star system with company performance awarded one star for first class, two stars for outstanding and three stars for extraordinary.

This year Fairbairn Private Bank has excelled and for the first time has been granted the prestigious three star rating, reflecting extraordinary workplace and workforce support and development.  This means that the bank is now one of only 55 organisations across the entire UK to receive this top accreditation.

Fairbairn Private Bank is the first, and only, offshore island based company to receive this prestigious accreditation, which is currently featuring in the UK press.  The accreditation incorporates feedback from the largest employee survey ever undertaken in the UK and this year embraced a record 795 organisations and almost 200,000 employees.  Only 150 organisations achieved Two Star status and 209 were awarded One Star, serving to highlight still further the scale of Fairbairn Private Bank’s achievement as one of the top 55 companies in the highest Three Star category.

Greg Horton, managing director of Fairbairn Private Bank, who accepted the award from Jonathan Austin, chief executive officer of Best Companies Limited, explained: “The accreditation focuses on workplace engagement and aims to show the level to which employees feel personally involved with their organisation. The eight key factors measured are wellbeing; personal growth; fair dealing; company leadership; employees’ feelings towards their managers, team and company; and what the company gives back to society. Using statistical normalisation techniques it compares companies of all sizes and sectors, right across the spectrum of UK corporate life.”

Greg added: “I am so proud of our team, this is a fabulous accolade that not only serves to raise our business profile in terms of operational excellence and management integrity, but also raises the whole profile of the offshore islands at a time when good news is hard to find.”

Ends

For further information:

Janet Taylor or Lesley Allegro, Fairbairn Private Bank                Tel: +44 (0)1624 645000

Issued by:

Kara Hughes-Jones, Isle of Man Advertising and PR Ltd            Tel: +44 (0)1624 620440

Photograph available. Caption: Jonathan Austin, Best Companies Limited, presents the Three Star Accreditation to Janet Taylor and Greg Horton of Fairbairn Private Bank.