Clarien Bank will be expanding into the Cayman Islands after taking over the banking business of its parent company’s Cayman subsidiary.

Clarien will also expand its capabilities to include investment management services in the Cayman Islands, subject to customary regulatory approvals.

The bank said today that an intragroup reorganisation within NCB Financial Group would allow certain existing wealth management relationships that are managed by NCB Capital Markets (Cayman) Ltd to be transitioned to the Clarien platform in a seamless and orderly manner.

Clarien said that clients would benefit from access to Clarien’s established banking and investment capabilities and expertise already offered to its Bermuda clients.

It added: “In keeping with the plans of the transaction, NCB (Cayman) Limited will be rebranded under the Clarien name and brand identity, reinforcing Clarien’s regional presence and integrated private banking and wealth management offering in the Cayman Islands.

“Importantly, the arrangements are designed to ensure continuity of service, with clients continuing to be supported by experienced teams familiar with their needs, while gaining access to an expanded suite of products and services.”

Ian Truran, the bank’s chief executive officer, said: “This marks an exciting new chapter for Clarien and a significant milestone in our growth journey. We have long recognised the Cayman Islands as a high-quality offshore market and this expansion aligns closely with our core banking and wealth management strengths.

“We look forward to welcoming clients and colleagues from NCB (Cayman) and NCB Capital Markets (Cayman), and we remain fully committed to ensuring a smooth transition while continuing to deliver the high standards of service, professionalism, and personalised care that define the Clarien experience.”