Bender Brothers & Co has strong relationships with leading banks and asset managers in Switzerland, Liechtenstein, Hong Kong and Singapore.  There are a number of factors to consider when choosing a service provider amongst which are counterparty risk, ownership structure, remuneration policy, efficiency of compliance procedures and legal aspects of the jurisdiction concerned.  Bender Brothers & Co can assist with introductions to leading financial institutions and continued support with the relationship thereafter.  As the firm is seen as a strategic relationship for a number of banks, it is often possible to negotiate preferential terms on behalf of external clients. 

 

Working with financial intermediaries has become increasingly challenging for clients.  Conflicts of interest often arise when staff are incentivised with sales targets and made redundant when objectives are not met.  Furthermore, complex financial products and portfolio churning may obscure hidden margins and fees.  By providing ongoing assistance with the management of banking relationships, our office can afford clients a high level of continuity when there is staff turnover at the company providing services. Navigating the vagaries of compliance requirements can also be frustrating, particularly at the initial stages.  It is important that such processes are managed efficiently so that they do not hinder the smooth running of an account.