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Fleming Launches New Offshore Custody Service

Mandy Robinson, Tax-news.com, London

02 November 2000

Fleming Offshore Banking in the Isle of Man has announced a new service called the Fleming Offshore Custody Service (FOCUS). It is an innovative service designed to suit the ever-changing requirements of investors.

FOCUS allows clients to hold all their investments within one bank account which will provide a complete monthly summary report to inform clients of their assets. No longer will clients feel that they are bombarded by many different statements, contract notes, reports and confirmations from various accounts.

This type of "one stop" investment and banking service is for clients with a minimum of £50,000 (or the currency equivalent) to invest. Fleming Offshore says that a wide range of services will be available for clients to choose from including a multi-currency high interest bank account, full investment dealing and custody service, Gold Visa card, fixed-term deposits, foreign exchange and secured lending (subject to approval). Above all, clients will be given the opportunity to construct an account that meets their needs.

Greg Horton, managing director of Fleming Offshore Banking, commented: 'By combining a flexible multi-currency banking service with an efficient investment dealing and custody service, our clients can arrange all aspects of even the most complex investment transactions with one telephone call to Fleming Offshore Banking.'

Flemings is one of the largest and most successful investment banks in the UK. It has a network of 70 offices in 42 countries and more than 7,750 staff.

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