American Express Bank Acquires Latin American Private Banking Business From Schroders.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 24, 2002 American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Bank Ltd. (AEB AEB Auto Exposure Bracketing (photography) AEB Agência Espacial Brasileira AEB American Egg Board AEB Annual Egyptological Bibliography AEB Aleutians East Borough (Alaska Penninsula) AEB As Evidenced By ) announced today that it has acquired the Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. American private banking business of Schroder & Co. Trust Bank, Miami, (SCTB SCTB Standing Committee on Tuna and Billfish ) the Latin American arm of Schroders Private Bank. "This transaction helps AEB expand its Latin American private banking franchise," says Sergio Masvidal, Global Head of American Express Bank's Private Bank. "We will also be working closely with Schroders, as their asset management capabilities will play an important role in our offering to our clients. The Schroders clients who will be joining us will in turn benefit from access to the 42-country network of American Express Bank and a wide array of American Express' wealth management and premium card products such as Platinum and Centurion Cards “Black card” redirects here. For other uses, see Black card (disambiguation). The Centurion Card, popularly known as the Black Card, is American Express' most exclusive charge card. ." "Our strategy is to focus on those geographical areas where we have most competitive advantage," says Sally Tennant, Chief Executive of Schroders Private Bank. "The sale of our Miami business is in line with this strategy and reaffirms our European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. focus." Terms of the deal are not being disclosed. John Harriman, who heads the Schroders Miami operation, and the other relationship managers in that office are expected to join the American Express Private Bank unit in Miami. "We intend to provide continuity of personal service to clients in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and expand their product choices through access to the global banking and asset management capabilities of American Express," says Harriman. American Express Bank Founded in 1919, American Express Bank is the international banking subsidiary of American Express Company. With offices in 42 countries it provides services both to wealthy individuals, through its American Express Private Bank unit, and to over 1,700 financial institutions. Schroders Private Bank Schroders Private Bank, a division of Schroders plc, manages pound 6.4 billion on behalf of successful individuals and wealthy families around the world, offering intelligent solutions and focus on delivering results, providing a highly personal, dedicated service to every client. Website: www.americanexpress.com/privatebank Website: www.schrodersprivatebank.com. |
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