Bronte Financial Announces Phase 3 Of Its Management Agenda

HONG KONG: Bronte Financial today announces the launch of 'Phase 3' of its management agenda. Michael Carter, Chairman of the Management Board, presents this new phase at an Investor Conference in Hong Kong. End Quote

(1888PressRelease) February 06, 2014 - This follows successful completion of Phases 1 and 2 of Bronte Financial's management agenda, which was launched in 2005. Phase 1, which involved refocusing the business, was completed in 2008. Phase 2, which focused on growth and achieving 25% pre-tax return on average active equity, was completed in 2011.

Phase 3 contemplates pre-tax profit of $8.4 billion in 2011, while reaffirming the firms stated financial targets of 25% pre-tax return on equity and double-digit earnings per share growth over-the-cycle.

"We will aim to accelerate profitable growth by expanding our 'stable' businesses in Private Clients and Asset Management and Global Transaction Banking, whilst at the same time building on our competitive edge in Corporate and Investment Banking," Carter said. "Our recent acquisitions prove our determination to expand our franchise. We will invest further, both in incremental acquisitions and in organic growth, while maintaining our cost, risk, capital and regulatory discipline."

At the Investor Conference the Group's business heads, together with the Chief Financial Officer and Chief Risk Officer, will give further details of the financial and strategic objectives of Phase 3.

Bronte Financial is an independent boutique Offshore Private Wealth Management firm that takes pride in the fact that we are not fixed to any brokerage-endorsed investment products or any of their ultimate providers.

Bronte Financial was founded Edward and Charles Bronte as Bronte & Son, and was renamed Bronte Financial in 2004 following the death of Edward Bronte.

With over 25 years of experience, you can draw great comfort from the fact that each and every investment plan we build is 100% bereft of vested interests and completely bespoke to the needs of the individual, family or business for which it is planned.

Even though we provide traditional investments including bonds, stocks and their cash equivalents, we are not wedded to the past. In today's dynamic financial environment, it demands the propensity and willingness to embrace flexibility, therefore we also seek to offer what can be referred to as alternative investments, since diversity in investments at this level can affect your financial future in the years ahead.

We believe in open-ness and transparency, meaning Bronte Financial is always happy to work alongside any trusted professional that our clients currently employ for matters such as charitable giving or tax and estate planning.

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