Ambitious trust company Ludlow Trust has acquired the NatWest Group and Coutts UK trust businesses and will relaunch both under the Ludlow Trust banner. 

Wealth manager and private bank Coutts is to relaunch its private office for UHNW clients under the new brand Coutts Family Office (CFO).

NatWest-owned Coutts has cut its investment platform tariffs with fees now starting from 0.15%, down from a minimum of 0.35%.

NatWest is bringing all its wealth businesses under the management of the CEO of private banking Peter Flavel in order to drive a growth in assets under management.