Hampden & Co wins Lloyd’s members’ banking business

The business has been transferred from the Bank of Butterfield which has recently retreated from the private banking market in the UK and will bring over an initial £80 million of balances to the new bank.

Hampden, which opened in June 2015 and now has offices in London and Edinburgh, said the transfer has now concluded after a smooth transition.

Graeme Hartop, chief executive of Hampden & Co, said: “This is a great reflection of the confidence in our service, and a significant business opportunity for us which advances our deposits and client numbers well ahead of projections. The UK Private banking market is very competitive and to have our traditional high quality service recognised in this way is tremendous.”

The selection process reflected the Bank of Butterfield’s clients’ requirements to have a private banking partner that could provide superior personal service as many of the clients have diverse financial arrangements and place a real value on experienced banking advice, so Hampden&Co winning this business reflects a confidence in their proposition that their competitors will be quietly noting.

Hampden&Co is chaired by Ray Entwistle, the former CEO and Chairman of Adam&Co, and offers private banking facilities to High Net Worth clients, and their families.