He joins from Sainsbury’s Bank where he spent over a decade in senior management roles including head of architecture, head of strategic design and most recently head of digital transformation. In his earlier career, Tate was a management consultant with Accenture, Capgemini and PwC.

As a member of Hampden & Co’s executive management team, Mr Tate will work closely with CEO Graeme Hartop and will lead the bank’s technology strategy and business change programmes. He replaces Stuart Alexander who retires next month.

Graeme Hartop, Hampden & Co’s CEO, said: “Colin brings exceptional experience to the role of COO having worked for companies serving clients across a variety of industries. This is an important hire for the bank as we continue to build on the technology that underpins our service to clients. We look forward to Colin’s contribution in the months and years ahead. We also take this opportunity to thank Stuart for all his valuable contributions down the years.”

Colin Tate, COO, Hampden & Co, added: “Graeme and the team have grown the bank into one of the most exciting players in the UK private banking sector. With ambitious growth plans and a talented team, it’s a great time to be joining Hampden & Co and I look forward to helping to drive ongoing success at the bank.”

In April, Hampden & Co, reported strong growth in revenue, deposits and loans following what the UK private bank described as “growing demand from clients for accessible, flexible banking expertise”.

Total income for the year to 31st December 2020 increased 18% to £10.2 million (2019: £8.7m), with deposits up 22% to £501.2m (2019: £409.4m), and loans and advances up 60% to £326.3m (2019: £203.8m).

Also during the year, Private Banker International named Hampden & Co ‘Outstanding Private Bank of the Year UK - Domestic Clients’.