South Africa underpins strong first quarter growth from Fairbairn

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Strong growth from South Africa has underpinned an increase in business in the first quarter of 2012 for Fairbairn Private Bank. The bank has witnessed a 17% year-on-year increase, which is the strongest opening quarter for new business since the financial crisis commenced in 2008.

Greg Horton, managing director of Fairbairn Private Bank attributes growth to several new multi-million pound client mandates and widened access to the business's discretionary investment management services, through the inclusion of a new range of collective investment funds. "New business levels are certainly growing at a pace. While one must always be careful about reading too much into short-term indicators, it is reassuring to see such vibrant new business levels continuing following the very strong growth in our headline earnings in 2011. "Further evidence of this growth lies in...

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