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(The following press release from Kleinwort Benson was received by e-mail. It was not confirmed by the sender.)

Kleinwort Benson further bolsters investment team Lucy Gazmararian joins as Head of Investment Advisory Andrew Thompson promoted to Head of Multi-Asset Investing

17th December 2012: Kleinwort Benson today announces that Lucy Gazmararian has joined Kleinwort Benson's investment team as Head of Investment Advisory. In this role, Lucy will be responsible for bringing forward the investment team's best ideas and working with our advisors to articulate these to clients. Lucy reports to Mouhammed Choukeir, Chief Investment Officer.

Lucy joins Kleinwort Benson from Goldman Sachs Asset Management, where she was an Executive Director of a global team that worked in partnership with portfolio managers to advise clients on investment strategies and opportunities. She previously worked in the asset management and private banking businesses at Schroders and spent her early career working in journalism.

Additionally, Andrew Thompson has been appointed as Head of Multi-Asset Investing. In this new role, Andrew will oversee the management of Kleinwort Benson's multi-asset funds and work closely with the investment team to generate multi-asset and global investment opportunities for discretionary and advisory clients. Andrew was previously Head of Advisory Portfolio Management, and will work closely with Lucy in her new role.

Mouhammed Choukeir, CIO of Kleinwort Benson, said: "It's great news that Lucy has chosen to join Kleinwort Benson. Over the past few months, we have been boosting our investment engine by building the team and putting in place a process to bring forward our best investment ideas and opportunities to clients. Both Lucy and Andrew will be instrumental in developing this programme."

Sally Tennant, CEO of Kleinwort Benson, added: "Lucy's appointment is another clear step in building our world class investment team, which is a key aspect of our growth plans. The uncertain economic backdrop has meant that clients need trusted advice more than ever. Having Lucy on board will enable us to engage even more actively with clients to provide them with tailored investment solutions."

2012 has been a strong year for Kleinwort Benson's investment team, with Kleinwort Benson winning a Citywire Wealth Manager Award in the Cautious category, Chief Investment Officer Mouhammed Choukeir winning the up-and-coming talent award at the Private Banker International Awards, and Mouhammed and Head of Funds Research, Delyth Richards, featuring in the Citywire Wealth Manager Top 100.

- Ends -

For further information please contact:

Kleinwort Benson

Steve Ainger Direct +44 (0) 203 207 7077 Mobile +44 (0) 7783 711706 Email<>


Daniel Yea Direct +44 (0) 20 7379 5151 Mobile +44 (0) 7595 270691 Email<>


Daniel Yea T: +44 20 7379 5151 M: +44 7595 270 691<> _____________________________________________________________________

Maitland Orion House 5 Upper St Martin's Lane London WC2H 9EA<>


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