Coutts Cayman appoints new Managing Director

Coutts & Co has today announced the appointment of a new managing director to its Cayman office.

David Neuschaffer joins the team from his role as head of relationship management for Coutts offshore, based in the Channel Islands. He has worked for the NatWest/RBS group for over 30 years in a variety of roles including trusts, investment and banking. His role in running the Cayman Island office, will be to grow the business in the Caribbean where a large number of the clients are based. Particular emphasis will be placed on working with existing and new clients in the Cayman Islands. In addition to his duties as Managing Director, David will also have direct responsibilty for the Private Bankers in his office.

On the appointment, Chris Burton CEO for Coutts International Trust and Fiduciary Servicescommented: “I am delighted to appoint David to his new role. The substantial experience that he brings to the position will undoubtedly help continue to grow the business, and build on the office’s continued success.”

David added: “I am delighted to join such a dynamic team and look forward to the many and varied challenges that this new role will bring. The move is one that will allow me to utilise the broad experience I have gained within the Group and build on my experience further, while of course enjoying the fantastic setting of the Cayman Islands!.”

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For further media information on Coutts contact:

Claire Symonds, Regional PR Manager, Coutts & Co on 0207 957 2650 or mobile 07970 001149 or e-mail claire.symonds@coutts.com

Notes to Editors

  • 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 96,000 high net worth clients worldwide through a network of 40 offices globally.
  • The first Coutts regional office to be opened was Eton in 1961. The most recent new opening was Liverpool at the end of 2003. Today, Coutts has regional offices in Bath, Birmingham, Bournemouth, Bristol, Cambridge, Cardiff, Eton, Guildford, Leeds, Liverpool, Manchester, Newcastle, Nottingham, Oxford, Tunbridge Wells & Winchester.
  • Coutts offers clients a range of products and services covering sophisticated investment products together with expertise in trust and fiduciary services and UK tax and banking services.
  • Coutts for three years running, (2003-2005) was awarded ‘Best Use of Long-Only Multi-Manager Structures’ at the Private Asset Management Awards
  • Coutts & Co is authorised and regulated by the Financial Services Authority. Coutts & Co Registered in England No 36695Registered Office 440 Strand London WC2R 0QS
  • Calls may be recorded

www.coutts.com