British wealth manager Rathbones has signed a new partnership deal with Credit Suisse to expand its private client business.
The partnership will enable Rathbone Private Office (RPO) operation to deliver a wealth advisory service that has access to a full range of specialist private banking products, services and lending solutions.
These offering will complement Rathbones’ own discretionary fund management, tax, trust, financial planning and banking services.
Rathbones chairman Mark Nicholls said: "Our growth initiatives remain important for us to maintain our position as a leading discretionary wealth manager.
"Accordingly, the Board has decided to pursue these longer term initiatives in spite of our expectation that markets will continue to lack direction in the short term. Rathbones remains alert to acquisition opportunities that may arise as a consequence of these market conditions."