Kolkota, India: Private bank Duncan Lawrie opens representative office in Kolkata offering banking and investment management services to private clients resident in India.

PRESS DISPENSARY - Wednesday, May 05, 2010 - On Tuesday April 13, 2010 Duncan Lawrie opened a representative office in Kolkata offering banking and investment management services to private clients resident in India. Duncan Lawrie, part of the Camellia Plc group of companies, has its origins in Kolkata dating back to the late 19th Century when two Scotsmen; Walter Duncan and Alexander Lawrie travelled to the region, quite independently, and established merchanting houses which traded with the United Kingdom. Kolkata now houses the head office of Camellia Plc's tea plantation business in India and Duncan Lawrie will operate from these premises.

Having consolidated operations in the UK after a recent phase of expansion, the exploration of new markets is a natural progression for Duncan Lawrie. Peter Field, Duncan Lawrie chairman, said:

"Analysing the global financial industry, India is an obvious choice as regional centre for the distribution of our services; it has recorded continuous, impressive growth rates for the last 15 years, fosters a progressive, adaptable approach to maximising investment opportunity amongst its people and, given our connections in the area, offers the greatest appeal in terms of growth and ease of establishment.

Wealth in the area, particularly in Kolkata, has been built on hard work and ingenuity; characteristics synonymous with the clients we already support in the UK and another strong motive behind our drive to open a representative office here; we believe our services, which will be managed from our head office in London, will be of value to individuals and families looking to diversify their investment portfolios and spread the risk associated with a younger, more volatile market."

Notes for editors

Duncan Lawrie opened its doors for business as a private bank in April 1971 and is dedicated to delivering top-class, efficient and friendly services founded on an in-depth understanding of each client's needs.

The company offers a full range of private banking services including:

o current and deposit accounts

o personal loans

o discretionary investment portfolio management

o trust and estate planning

o offshore services

o general tax management

o safe custody

o safe deposit boxes, and

o specialist financial planning advice covering:

o investment of cash resources, portfolio management and investment of surplus income

o tax-levered investment products

o life assurance for protection and investment

o personal and corporate pensions

o retirement and redundancy planning

o working abroad or returning to the UK

o budgeting and cash flow management

o mitigation of income tax, capital gains tax and inheritance tax

The bank, which is regulated by the Financial Services Authority, has its head office in Belgravia, London and it also has offices in Bristol, Wrotham in Kent and Douglas in the Isle of Man (where it holds a banking licence). It is one of the few London banks to have its own safe deposit vault. Duncan Lawrie's ultimate holding company is Camellia plc.

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