The company was last month refused the licence by the financial services regulator, a decision which is likely to lead to the loss of about 30 jobs in Jersey.
The bank is in the process of being sold by German giant Commerzbank to Belgian company RHJ International but that firm is not one of the world’s top 500 banks.
The Jersey Financial Services Commission refused to bow to pressure to grant a licence to a bank outside the top 500 despite Kleinwort Benson arguing for an exemption.
