Fairbairn Private Bank gears up its private banking team
9 July 2012
Fairbairn Private Bank announced a recent promotion of Lucy
Connick to join its private banking team. Ms Connick started with
the bank's client services team in February 2008 and came from HSBC
International, where she was employed latterly as a business
specialist.
Ms Connick has been working towards joining the private banking
team for a while and her recent success in the Level 6 Chartered
Institute of Securities and Investment Private Client Investment
Advice and Management (PCIAM) exams earlier this year certainly
contributed to securing the promotion.
''Lucy's enthusiasm to grasp the technical aspects of the role,
coupled with her dedication to building strong relationships with
her clients, makes her a very welcome addition to the team,''
commented Cameron Walker, head of relationship management.
"We are dedicated to developing our client relationships and
over the last 12 months we have considerably increased the strength
and depth of the private banking team. There have been a number of
new appointments and internal promotions, and over 60% of the team
has already attained the Level 6 PCIAM qualification."
"We are getting ahead of the game on the qualifications front as
we believe our clients can only benefit from this approach. The
Level 6 qualification is substantially higher than the standard
normally required to give investment advice and demonstrates each
manager's ability to understand and identify clients' investment
needs and provide the most appropriate solutions," explained Mr
Walker.
The UK's Financial Services Authority (FSA) Retail Distribution
Review (RDR) has specified that by the end of 2012 any person who
provides investment advice should obtain the minimum standard of an
Ofqual* approved level 4 qualification. Although RDR currently only
applies in the UK, many of the bank's private banking staff,
whether based in the UK, Isle of Man or Jersey office, are working
towards a minimum level 6 qualification. It is anticipated these
regulatory changes will be introduced in the Isle of Man and Jersey
by January 2014.
*Office of Qualifications and Examinations Regulation. Ofqual is
responsible for maintaining standards, improving confidence and
examinations. It regulates general and vocational qualifications in
England and vocational qualifications in Northern Ireland.
Ends
Notes to editor:
About Fairbairn Private Bank
Fairbairn Private Bank operates a comprehensive private and
personal banking operation on behalf of a wide range of clients.
These include private individuals, non-trading companies, trusts,
governments and institutional investors. The gateways to its
banking, investment, trust and corporate services are through
offices in the Isle of Man, Jersey, UK, Dubai and South Africa. Its
specialist team of staff provide objective guidance and product and
service excellence from international finance centres around the
globe.
Fairbairn Private Bank is a member of the Old Mutual Group.
When referring to Fairbairn Private Bank - please ensure that
the company name is printed in full and not abbreviated.
For further information:
Press office, Fairbairn Private Bank
Tel: +44 (0)1624 645000
Issued by:
Kate McDowell, Isle of Man Advertising & PR
Ltd Tel: +44 (0)1624 620440