Coutts investment proposition moves ahead with new BlackRock deal

John Evans, 26/10/2020

Coutts & Co has agreed a major investment platform partnership with BlackRock for the launch of range of exclusive funds.

The agreement comes as Coutts looks to further reduce the cost of investing for the 12.5 million clients the private bank services across the wider NatWest Group.

Six products will be launched with clients next month.

Coutts chief executive Peter Flavel hailed the BlackRock pact as a further step by the bank in developing ways of “consistently passing savings on to our clients, as we have done over the last several years through our investment in technology”.

Peter Flavel

The initiative is also described as an additional step in making Coutts the flag-carrier for integrating all the investment products of NatWest, rebranded from RBS earlier this year.

The range consists of three active funds: US equities, UK equities, Global Investment Grade Credit and three index funds – US equities, UK equities and Europe ex-UK equities.

Coutts’ own investment committee will set each fund’s investment strategy and will maintain responsibility for all decisions relating to asset allocation.

The partnership will utilise BlackRock’s independent third-party manager global research platform to select best-in-class managers for the three active funds. All six funds will be run on BlackRock’s risk management platform, Aladdin.

Mr Flavel said, “Leveraging BlackRock’s market leading platform will benefit our cli...

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