Clarien Bank Limited provides gateway to premier offshore jurisdiction for entrepreneurs and corporations seeking access to global financial and capital markets.
Clarien Group Limited (the “Group”) has today announced the launch of Clarien Bank Limited, Bermuda’s newest privately held financial institution. The Group combines unrivalled access to one of the world’s most dynamic and sophisticated offshore financial centres and deep international banking experience to deliver world-class financial services to ultra-high net worth individuals, families and corporations worldwide.
Clarien Bank Limited, formerly known as Capital G Bank Limited, has established a strong reputation over the past four decades for providing high quality product offerings and services to meet the financial needs of its local clients. Clarien Bank Limited, will draw on and use this heritage and the strength of its senior management team, to offer an expanded range of products and solutions in corporate and investment banking, wealth and asset management to clients globally.
Clarien Bank Limited will continue Capital G Bank Limited’s successful expansion into the areas of M&A advisory, structured finance, brokerage, capital raising and listings, as well as the development and distribution of new investment products, especially insurance-linked products. Clarien Bank Limited will offer a full range of securities distribution, market making and underwriting capabilities through its investment banking arm, delivering market leading knowledge of legal and regulatory issues and financial expertise to clients across the Middle East. This in turn, will provide the bank with greater access to a broader institutional and qualified investor universe.
Clarien Bank Limited will be led by a seasoned management team with deep international banking, investment banking, asset and wealth management, trust and insurance expertise. Mr. Zoran Flotak and Mr. Ian Truran, Co-CEO’s, are both founders of Clarien Group Limited and have extensive knowledge and experience in banking, investment and trust services.
Mr Fotak has held senior positions within Credit Suisse Securities, Merrill Lynch, the Royal Bank of Canada and St. George Asset Management. Mr Truran is a Bermudian national with extensive experience in the local and international banking industry, formerly at Butterfield Bank.
Zoran Fotak/Ian Truran, Co-Chief Executive Officer, commented:
“Our ambition for Clarien Bank Limited is to develop a world-class financial institution with an international footprint that allows us to bring the strengths of Bermuda to a global client base. As confidence levels in capital markets continue to increase, on the back of a global economic recovery, we are well positioned to execute international transactions with more efficiency in a secure jurisdiction. Furthermore, the emergence of a new generation of highly entrepreneurial, ultra high net worth individuals is challenging the traditional offshore banking model, with clients increasingly demanding a more sophisticated full-service offering.
“Bermuda is uniquely positioned with its sophisticated infrastructure, intellectual talent and accessibility to become the premier destination of choice for offshore banking solutions. We believe that the strengths of this jurisdiction, along with our unique blend of international banking experience, thorough risk controls and access to major global capital and financial markets will prove a compelling mix for clients.”