Kleinwort Benson rolls out philanthropic product
UK private bank Kleinwort Benson has announced a partnership with advisory group Investing for Good, to offer its clients opportunities to invest in FTSE 350 companies with a socially responsible focus.
Kleinwort, owned by Commerzbank, will be working with Investing for Good to give its clients access to companies that make positive social contributions, while offering a strong financial return.
Geoff Burnand, chief executive of Investing for Good said: “The idea of putting capital to work for good is moving from the periphery of activist investors to the core of mainstream financial institutions. Philanthropy and social investing are new asset classes that enable investors to really engage with the issues they care about.”
Investing for Good tackles issues like grant making, venture philanthropy and policies that can drive the solutions to address key issues such as poverty, economic development, community finance, fair-trade, ethical consumerism and micro finance.
In September, Germany's Commerzbank bought Dresdner Bank, Kleinwort Benson's parent company, for €9.8bn ($14.4bn).
del.icio.us
Digg
Newsvine
reddit
StumbleUpon