COUTTS CHANNEL ISLANDS MAKES SENIOR APPOINTMENT

Coutts Channel Islands, one of the leading providers of financial services to high net worth clients, has today announced a new appointment to its Jersey office to expand its operations further in the Channel Islands.

Andrew Buchanan joins as senior executive and has been appointed to focus on consolidating and further developing local Channel Islands business for Coutts. The Channel Islands remain a key growth area for Coutts and the team will continue to focus on driving the promotion of Coutts’ wealth management proposition throughout the Islands.

Commenting on the appointment, Chris Burton, Chief Executive Officer, Coutts Offshore commented; "We are pleased to welcome Andrew to our Channel Islands team, which highlights the importance we place on our local Channel Islands market and its continued success in the global market place. With Andrew’s wealth of experience, particularly in the investment field, we are confident that he will enable us to build further on our successes in recent years."

Andrew, who has almost 30 year’s experience in financial services and joins from his role as Investment Director with Close Private Bank, Isle of Man added;

"I am delighted to be joining Coutts at what is such an exciting time for the Channel Islands office and look forward to the challenge of continuing the office’s past successes in the local market. My family and I have strong local connections and a return to Jersey for the family is welcomed."

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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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