COUTTS OFFSHORE EUROPE MAKES SENIOR APPOINTMENT IN ISLE OF MAN

Coutts Offshore Europe Limited, one of the leading providers of financial services to high net worth clients, has, following the recent restructuring of their offshore business, today announced a new appointment in the Isle of Man.

Robert Norris has been appointed Island Director and Head of Relationship Management and Investment Services for the Isle of Man.

The Isle of Man market is a key growth area for relationship management at Coutts and the team will continue to focus on driving the promotion of the Coutts’ wealth management proposition throughout the Island.

Commenting on the appointment, Chris Burton, Chief Executive Officer, Coutts Offshore said; "I am delighted to appoint Robert as our Island Director. This reflects the importance we place on our Isle of Man office and its continued success in both the global and local market place. With Robert’s wealth of experience, particularly in the investment field, we are confident that he will be able to build on our successes in recent years."

Robert, who has already worked for Coutts for 10 years, added; "I am delighted to be leading the Isle of Man office at a time when we have such an experienced team and there are so many exciting business opportunities available. I believe that we are especially well placed to build and develop our business in the local market and we have recently appointed Geoffrey Skillicorn as Senior Executive for IOM Clients in order to help drive this."

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For further information please contact:

Claire Symonds, Regional PR Manager, Coutts & Co. Tel: 020 7957 2650, mob: 07970 001149, email: claire.symonds@coutts.com

Notes to editors:

Coutts

• Coutts is the international private banking arm of The Royal Bank of Scotland Group. The Royal Bank of Scotland Group is one of the world's largest banking groups.
• Coutts manages the wealth of 90,000 high net worth clients worldwide through a network of 40 offices globally.
• Coutts has been awarded ‘Best Use of Long-Only Multi-Manager Structures’ at the Private Asset Management Awards 2005 for the third time.
• Coutts Offshore Europe Limited offers clients a range of products and services covering sophisticated investment products together with expertise in trust and fiduciary services.
• With discretion at the heart of our of everything we deliver, clients of Coutts Offshore Europe Limited range from entrepreneurs to celebrities and reside in a diverse mix of countries from all around the world. We also have expertise in assisting clients who reside, but are non-domiciled in the UK.

• Coutts Offshore Europe Limited. Registered Office: 23-25 Broad Street, St Helier, Jersey JE4 8ND. Regulated by the Jersey Financial Services Commission for carrying on investment and trust company business. Regulated by the Guernsey Financial Services Commission for carrying on investment business. Trading in Jersey as Coutts Channel Islands. Trading in the Isle of Man as Coutts Isle of Man. Business address in Isle of Man: Coutts House, Summerhill Road, Onchan, Isle of Man IM3 1RB. Licensed by the Isle of Man Financial Supervision Commission for investment and corporate service provider business. Copies of the most recent audited accounts are available for inspection on request.

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