COUTTS & CO SCOOPS TWO PRESTIGIOUS AWARDS
13 March 2003
Coutts & Co, the UK's leading private bank, has scooped two awards at the Private Asset Managers (PAM) awards ceremony. Held at the Dorchester Hotel, the PAM awards are designed to acknowledge the best in the private asset management market.
Coutts & Co clinched the award for Best Use of Long-Only Multi-Manager Structures in the High Net Worth Class, ahead of runners' up Credit Suisse and Merrill Lynch Investment Managers. Coutts' investment management strategies are based on world-leading fund managers who are selected for their excellence in different asset classes. Using this approach, and against the backdrop of market volatility, Coutts has successfully achieved above market returns for its clients.
Andrew Hutton, Investment Services Director at Coutts, commented: "We are delighted to have won this award. Our investment philosophy is underpinned by the belief that no one firm can possibly provide a wide range of superior strategies in every asset class, all of the time. Our strategy to select world-leading specialists to manage funds on our behalf has enabled us to shield our clients from the worst effects of the global economic downturn."
Coutts also won the coveted 'Image and Reputation' award in the High Net Worth Class. Ahead of Lazard and Singer and Friedlander Investment Management, Coutts received the award in recognition of the positive impression created by its marketing activity throughout 2002. A combination of direct marketing, sponsorship and advertising combined to cement Coutts' reputation as a contemporary private bank with first-class wealth management solutions for private clients.
Coutts Group chief executive Gordon Pell said: "The year 2002 was a particularly difficult one for the private banking market. Despite the tumultuous market conditions, we performed well during 2002, a performance which demonstrates both our strategic focus and initiatives undertaken over the last few years. We are therefore thrilled to have won two prestigious awards which we believe illustrate the fact that our investment strategy and approach to marketing has borne fruit."
For further information, please contact:
Anita Saunders, Public Relations Manager, Coutts Group on 0207 957 2427 or mobile 07970 001149, or e-mail anita.saunders@coutts.com.
PAM Awards Press Release - Legal Information
Issued on behalf of the Coutts Group by Coutts & Co, which is authorised and regulated by the Financial Services Authority.
The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment.
Past performance is not necessarily a guide to future performance.
The Coutts Investment Programmes are not available to residents of the USA and are only available to residents of Singapore on a private placement basis. Before contemplating any transaction in a Coutts Investment Programme, you should have read the prospectus relating to the relevant investment programme and consulted your financial adviser. Series 2 units are available only to advisory and discretionary investment management clients of companies in the Coutts Group. The investment returns are denominated in the base currency and local currency investors are therefore exposed to fluctuations in the exchange rate between the local currency and the base currency. The Coutts Investment Programmes are recognised by the Financial Services Authority under Section 264 of the Financial Services and Markets Act 2000. None of the overseas companies performing functions relating to the Coutts Investment Programmes is an Authorised Person subject to the rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors, and compensation under the Financial Services Compensation Scheme will not be available in respect of business transacted with them.
Telephone calls with Coutts Group companies may be monitored or recorded in order to maintain and improve our service.