Standard Bank, Isle of Man’s IFA distribution team is expanding with the appointment of two new Business Development Managers. The move follows the local bank’s continued growth and the success of the IFA team in building business relationships worldwide.
The Standard Bank IFA team manage the relationship between Standard Bank and independent financial advisers around the world, by providing products tailor made for the IFA market.
John Kilgour has been appointed Business Development Manager for Europe, and David Patterson Business Development Manager for the Middle East and India.
John was formerly at Royal Skandia where he worked for eight years, most recently as a Sales Consultant for Europe. He takes over from Sheena Maddrell who will now concentrate on IFAs introducing seafarer accounts.
David is replacing Simon Buckerfield who left the bank in December 2013. He was formerly at Lloyds Bank International as a Business Relationship Manager looking after a portfolio of Premier Banking clients.
Both men will report to John Hall, Head of IFA distribution: ‘These two appointments will be a welcome boost to our team at a time of growth within our business. John already has relationships with IFAs in Europe from his previous role at Royal Skandia and I know will hit the ground running. David will concentrate not only on managing the existing relationships in the Middle East, but also in developing new business in India which is an opportunity we started to explore last year. ’
Standard Bank IOM has continued to deliver year on year growth with a 20% increase in net profits for 2013. In addition, last year for the fourth time in five years the bank won ‘Best International Banking Service’ and ‘Best International Structured Product Provider’ in the annual International Fund and Product Awards, organised by leading industry publication Professional Advisor. The awards recognise the achievements of the offshore financial services industry and the financial products and services that they distribute through IFAs internationally.