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Offshore Private Bank Gets UK Licence

Tom Burroughes

16 September 2008

Fairbairn Private Bank said it has become the first UK offshore bank to be granted a banking and investment licence by the Financial Services Authority, the UK financial regulator.

Fairbairn Private Bank has offices in the Isle of Man, Jersey and South Africa. As a result of the FSA licence, the bank’s full range of products and services will be available to account holders throughout the UK.

The bank has been operating for 21 years.