SG Kleinwort Hambros (SGKH) has created a unit dedicated to serving entrepreneurs.
This comes several weeks after the UK private bank launched its French Nexus operation.
The proposition is primarily targeted at established private business owners, as well as those considering exit or transition. The Entrepreneurs Group will also work closely with mid-cycle expansion founders, typically those who have reached several rounds of financing.
Female founders, multi-generational families and the tech sector are early areas of focus and services include banking, liquidity, succession strategies and capital management.
Head of key clients and international private banking Rob Woodthorpe Browne will lead the Entrepreneurs unit. Woodthorpe Browne was previously head of relationship management at Julius Baer, executive director at Adam & Company and client partner at Coutts.
It will also consist of a team of senior private bankers assembled across SGKH, including Daniel Dupre, Manuel Fauste, Jeremy Hill, Paul Newman, Russell Parmenter, Gareth Welshman, Ben Whitworth, and Hydi Yip.
Derek Hammond, head of private banking and commercial director at SG Kleinwort Hambros, said: “We have been serving and advising entrepreneurs for over two hundred years, and today they make up 35% of our client base.
“Harnessing SGKH’s entrepreneurial heritage, this initiative is about consolidating the best practices, resources and expertise to support entrepreneurs’ wealth journey.
“As their business journey expands, so too do their needs and options; we are here to simplify their financial challenges and provide them with the highest levels of personalised service in the field.”