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As is tradition with most London private banks, account holders' identities are kept a bank secret. Some historical clients have though been revealed, including a variety of distinguished figures: HM King George III [6] and other members of the royal family, Alexander Pope, [7] Benjamin Disraeli, [6] Beau Brummell, Isambard Kingdom Brunel, [6] Robert and James Adam, Capability Brown, Josiah ...
This was done by spanning off their entire insurance portfolios (i.e. MMI Holdings, Discovery Limited, OUTsurance and RMB-SI Investments) to RMI Holdings, a wholly owned subsidiary of RMH and subsequently unbundling the entire shareholding in RMI Holdings to their shareholders. [14] This restructure was completed on 7 March 2011. [15]
The FirstRand group's history traces back to the 1970s as an investment bank.The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.
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Private banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co . has been in business since 1672.
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