Clarien Bank, formerly Capital G Bank, offers securities distribution, market making and underwriting capabilities through its investment banking arm, and provides legal, regulatory and financial advice to clients internationally.
According to the group, the rebranded bank will continue its expansion into the mergers and acquisitions, structured finance, brokerage, capital raising and listings markets. It also said the bank is developing and distributing new investment products, with a particular emphasis on insurance-linked products.
The rebrand follows the amalgamation of Clarien Group and Capital G in January. A spokesperson for Clarien said the rebrand aimed to expand Capital G’s business beyond Bermuda by allowing it the use of Clarien’s widely established client base.
Zoran Fotak and Ian Truran, fellow founders of Clarien Group, will hold joint chief executive positions at the new bank.
Fotak has previously held positions at Credit Suisse Securities, Merrill Lynch and the Royal Bank of Canada, while Truran is a Bermudian national who previously held senior positions at Butterfield Bank.
Fotak said: “As confidence levels in capital markets continue to increase, on the back of a global economic recovery, we are well positioned to execute international transactions with more efficiency in a secure jurisdiction."
Truran added: “The emergence of a new generation of highly entrepreneurial, ultra high net worth individuals is challenging the traditional offshore banking model, with clients increasingly demanding a more sophisticated full-service offering.”
Clarien has more than eight decades of banking history in Bermuda and works in a variety of locations including Africa, the Americas, Australia, Europe, the Far East and the Middle East.
