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2006-12-12 14:49:24 · 3 answers · asked by ambasador 1 in Business & Finance Personal Finance

3 answers

Standard Chartered buys 20% stake in Fleming private bank
8th December 2005
By
UK-based Standard Chartered, which specializes in financial services provision in emerging markets, has bought a 20% share of Fleming Family & Partners, the London-based wealth manager.
The alliance between the two banks is aimed at targeting wealthy Asian and Middle Eastern clients, with Standard set to introduce its existing wholesale banking clients to Fleming. Fleming, originally set up to manage the eponymous family's fortunes, is a specialist in providing private banking services to ultra high net worth clients.

2006-12-12 15:37:25 · answer #1 · answered by ekleinert 3 · 0 0

Kinda sorta.

It looks like the Fleming name has been parted out -- JP Morgan bought some of the empire, JP Morgan Fleming Private Bank.

I think that Cater Allen bought out more -- http://www.caterallen.co.uk/

It looks like there are other investors as well, such as Standard Chartered - http://www.banking-business-review.com/article_news.asp?guid=06E873FB-430F-4183-8561-50E2DB6EE1F8

It would be an easy name to spoof or mislead people with a simular-sounding name. Originally, Fleming was a bank for the world-class rich only, and therefore, they didn't exactly advertise their services on NASCAR races.

2006-12-12 14:59:59 · answer #2 · answered by geek49203 6 · 0 0

Here's an article about them.

http://www.banking-business-review.com/article_news.asp?guid=06E873FB-430F-4183-8561-50E2DB6EE1F8

2006-12-12 14:53:22 · answer #3 · answered by Anonymous · 0 0

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