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.
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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.
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