Mr Peake spent more than six years as CFO and executive director at Standard Bank International, the banking and wealth management group, which has approximately £6 billion in client deposits and £2.5 billion of assets under management.

He previously served as Head of Risk for both Standard Bank and Deutsche Bank International and was a Senior Manager at KPMG Forensic. He is a member of the Institute of Chartered Accountants of Scotland (ICAS) and originally trained and qualified with PwC.

Mr Peake replaces longstanding Hampden & Co CFO Andy Mulligan who retires from the post he has held since 2011 and who was instrumental in the formation of the bank.

Graeme Hartop, Hampden & Co CEO, said: “Andy has been an outstanding CFO for Hampden & Co, helping to set up the bank, guiding the process of obtaining the necessary consents and he has been integral to our fundraises. On a personal level, he has been a great support and friend over the last decade.

“Jonathan’s considerable UK-wide and international banking experience and credentials are a great fit for Hampden & Co as we enter our next phase of growth. I would like to thank both Andy and Jonathan for such a smooth transition over the last few months.”