Ms Davidson replaces Graeme Hartop who stepped down from the role after eleven years. She was formerly deputy CEO of Handelsbanken UK and chair of Handelsbanken Wealth & Asset Management. She joined Handelsbanken from Barclays in 2003 to expand the Swedish bank’s UK operations.

She is a board member at the Personal Investment Management & Financial Advice Association (PIMFA) and the chair of the Integrity and Ethics Committee at the Chartered Institute for Securities & Investment (CISI).

Ms Davidson 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 offers banking, deposit, lending and foreign exchange services to high-net-worth clients, their families and businesses.

Reporting its results for the first half of 2024, the bank showed total balance sheet assets at £1 billion, boosted by total deposits increasing 15.8% year-on-year to £895 million (H1 2023: £773m). Total lending was also up 20.4% year-on-year to £555m (H1 2023: £461m).

In its 2023 annual results, the bank announced it was paying an inaugural dividend to shareholders as profit before tax reached £9.1m.

Hampden & Co plans to relaunch 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.