A new chief executive has been installed at Hampden & Co.
The Edinburgh-based private bank announced this morning that Tracey Davidson has taken over from long-standing boss Graeme Hartop.
Ms Davidson joins from Handelsbanken UK, where she was deputy chief executive and chair of Handelsbanken Wealth & Asset Management. She joined Handelsbanken from Barclays in 2003 to expand the Swedish bank’s UK operations.
Ms Davidson is a board member at the Personal Investment Management & Financial Advice Association and chair of the integrity and ethics committee at the Chartered Institute for Securities & Investment.
Read more:
- 'The model places pressure on domestic student numbers'
- East Haugh Hotel in Perthshire for sale at reduced price
-
Hampden sees deposits and lending rise but profits fall
She said: “In 2015, Hampden & Co launched as the first new UK private bank in 30 years. Since then, it has garnered a strong reputation for excellent client service and tailored products.
“I see the potential for strong growth as UK customers increasingly seek a more personalised banking service from a bank that understands their needs. I am excited to join Hampden & Co, and I look forward to leading the team to further success in the years ahead.”
Hampden & Co, which has offices in Edinburgh and London, offers banking, deposit, lending and foreign exchange services to high-net-worth clients, their families, and businesses.
Results for the bank’s first half of this year showed that total balance sheet assets reached £1 billion for the first time. Total deposits increased 15.8% year-on-year to £895 million, with total lending up 20.4% year-on-year to £555m.
Last year, the bank paid an inaugural dividend to shareholders as profit before tax reached £9.1m.
Hampden & Co said it is relaunching an upgraded digital banking service later this year. It is also progressing with the relocation of its Edinburgh and London offices to meet the needs of clients and to accommodate its growing headcount.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here