RBS 2007 Annual Report Download - page 18

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RBS Group • Annual Report and Accounts 2007
16
Divisional review continued
Retail Markets – Wealth Management
Divisional review
Highlights
•Coutts’ UK customer numbers rose by 7%.
•11,000 clients worldwide invest more than £8 billion in
securities markets using Coutts & Co’s Discretionary
Investment Management Scheme.
•Euromoney ranked Coutts & Co Best in the UK for Super
Affluent and High Net Worth clients.
Wealth Management delivered strong organic growth,
reflecting our brand strength, product portfolio and geographic
reach. There are significant, long-term opportunities in this
market, with the wealth of the world’s High Net Worth Individuals
forecast to reach US$51.6 trillion by 2011, growing at an
annual rate of 7%.
Coutts’ UK regional expansion programme continued and
outside the UK, momentum was maintained particularly in
the Asia-Pacific region. From the beginning of 2008 we have
re-branded Coutts International as RBS Coutts to draw on
the global brand strength of the Group.
As part of our partnership with the Bank of China, our new
joint private banking initiative opened for business in Beijing
and Shanghai in March.
Coutts & Co launched its first financial education programme
for children of clients in July 2007. The 21/2day Assets &
Responsibilities Course was designed to engage young people
in wealth management and empower them to become
financially successful.
Contribution (£m)
07
06
558
462
We have recently re-branded
our Coutts International branches,
such as this one in Singapore to
RBS Coutts. This allows us to draw
on the strength of the global brand.
Asia-Pacific is an increasingly
important region for Wealth
Management. In 2007, we saw a
27% rise in customer numbers.