The news was announced at a ceremony at the Dorchester Hotel in London last week.

Ansbacher, a wholly-owned subisidiary of Qatar National Bank which provides financial solutions to high net worth and institutional clients worldwide, has offices in Bath Street as well as Guernsey, the UK, the Bahamas, Dubai, Doha and Switzerland.

They beat off competition from Cazenove Capital Management, Newton Investment Management, Rathbones and Taylor Young Investment Management.