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Permanent Bank International Ltd targets the fiduciary market

Permanent Bank International Ltd has set its sights on the fiduciary market in the Isle of Man, UK and Channel Islands.

As a first step Carlton Freegard, the bank’s Managing Director, and David Fulton, Business Development Manager have embarked on a series of presentations to Corporate and Trust Service Providers in the Isle of Man. Visits are also planned to meet with firms in the UK and Channel Islands later this year.

Carlton Freegard commented, “We recognise that the fiduciary market is very significant in terms of the assets held in corporate and trust structures. As an international deposit taker offering accounts in Sterling and Euro, I believe that Permanent Bank International Ltd is well placed to service the lump sum deposit needs of these clients. By spending time with our clients we are better able to tailor our services to meet their individual needs”

David Fulton said, “Our recent change of name and the introduction of new deposit products ranging from call to 5 years has sent out a clear signal about the bank’s future. This has been very well received by our personal and professional clients. We are attracting new business from a variety of sectors both directly and professionally introduced.”

Permanent Bank International Ltd accepts deposit business from personal, corporate and trustee clients who are resident in the Isle of Man, UK, Channel Islands and in most international jurisdictions.

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