Record year at Rathbone
Thursday 9th March 2006, 12:00AM GMT.
RATHBONE Brothers plc, which has a significant trust and investment management operation in Jersey, has announced ‘strong growth’ for 2005.
Overall profits before tax reached £35.
million, a 23.
% increase on 2004, with total funds under management this month hitting the £10 billion mark.
The group is organised into three operating divisions: investment management and banking, unit trusts, and trust services.
The board is particularly pleased with the unit trust management division, which almost doubled the value of funds under management to £1.
billion.
The value of segregated portfolios under management also increased by 20% to £8.
billion.
The trust division has also made further progress, with the Jersey office performing ‘very well’ and the Geneva office attracting ‘an encouraging flow of new clients’.
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