Kleinwort Benson , the U.K. private bank that traces its roots to 1786, plans to hire bankers in the next 12 to 24 months as it expands its funds management and financial advisory units.
Kleinwort Benson, the U.K. private bank owned by RHJ International SA, named Sally Tennant chief executive officer, replacing Robert Taylor.
Gold, up 27 percent in the past year, can advance to new records and investors should prepare to buy more, according to Kleinwort Benson, a manager of money for the wealthy.
RHJ International SA said its private-banking unit Kleinwort Benson agreed to buy Close Brothers Offshore Group for 29.1 million pounds in cash.
Deutsche Bank AG agreed to sell its BHF-Bank unit to RHJ International for 384 million euros ($497 million) after year-long talks on a deal that helps Germany’s biggest lender meet tougher capital requirements.