Capital G Bank Limited is now Clarien Bank Limited.

This includes all subsidiary companies: Capital G Investments Limited, Capital Trust Limited, Capital G BSX Services Limited, CGI Nominees Limited and Capital G Brokerage Limited.

In January, Clarien Group Limited has amalgamated with Capital G Limited. The ownership of Clarien Group Limited is 80 per cent CWH Limited and 20 per cent Edmund Gibbons Limited. Clarien is a wholly-owned subsidiary of CWH Limited, a newly formed Bermuda exempted company. CWH Limited founders include David Carrick, Robert Flohr, Zoran Fotak, Mitchell Hedstrom, Ian Truran and Keith Stock.

Clarien Bank Limited will continue Capital G Bank Limited’s expansion into the areas of M&A advisory, structured finance, brokerage, capital raising and listings, as well as the development and distribution of new investment products, especially insurance-linked products.

Clarien Bank Limited will offer a full range of securities distribution, market making and underwriting capabilities through its investment banking arm, delivering market leading knowledge of legal and regulatory issues and financial expertise to clients across the Middle East. This inturn, will provide the bank with greater access to a broader institutional and qualified investor universe.

Mr Fotak and Mr Truran, co-chief executive officer, said in a press release:

“Our ambition for Clarien Bank Limited is to develop a world-class financial institution with an international footprint that allows us to bring the strengths of Bermuda to a global client base. 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.

“Bermuda is uniquely positioned with its sophisticated infrastructure, intellectual talent and accessibility to become the premierdestination of choice for offshore banking solutions. We believe that the strengths of this jurisdiction, along with our unique blend of international banking experience, thorough risk controls and access to major global capital and financial markets will prove a compelling mix for clients.”

Current clients should be aware that the organizational rebrand will not impact their ability to complete transactions using their current account numbers, Capital G credit and debit cards or cheques. The former Capital G location at 19 Reid Street will continue to serve as the head branch, and the Paget Plaza location remains available for full financial services.