The French private bank has hired C Hoare & Co’s Robert Jeffree as chief investment officer to develop a discretionary and advisory wealth management firm based in London.
The service, launching in January, will offer clients access to a range of portfolios constructed using regulated third-party funds offering access to diversified risk premia derived from global equities, government bonds, credit and alternative asset classes and strategies.
Banque Transatlantique is an international French private bank present in 12 cities worldwide. The firm has catered for families, entrepreneurs, French citizens living abroad and foreigners living in France, as well as major foundations, since 1881.
Undeterred by the Brexit vote, last year it launched banking services in the UK for French non-domiciled clients and British nationals with interests such as property and business in France.
Jeffree, who has more than 20 years’ experience in investment management, was previously chief investment officer at C Hoare & Co.
He started his career at HSBC Asset Management before moving to McKinsey’s European Asset Management practice and then New Star where he managed an Asia portfolio.
Gwenolé Le Blevennec, general manager of Banque Transatlantique in London, said: “We are delighted to have Robert join the team in London. His considerable experience will enable us to grow a wealth management offering to serve the investment needs of our clients.
“Banque Transatlantique continues to invest in the development of its UK operations, as we remain optimistic about the City’s post-Brexit prospects, and as a French bank are committed to growing our presence in the UK.”
Jeffree added: “I am pleased to join Banque Transatlantique at such an exciting phase in their development. The opportunity to build a new investment offering, for a client base with which we have built strong relationships over many years, is uniquely appealing.”