Mr Lockhart will be responsible for originating and managing client relationships and helping to develop Kleinwort Hambros’ presence in Scotland. He will report to Chris Thomson, head of Edinburgh and head of UK Regions.

Mr Lockhart joins from Adam & Company, a subsidiary of Royal Bank of Scotland. Having joined as a private banker in 1989, he became a director in 2004 before being appointed executive director in 2010.

At Adam & Company, he worked with a broad range of high net worth and ultra-high net worth clients, establishing a strong track record of guiding them through private banking, structuring and tactical debt conversations.

Mr Lockhart joins as the Edinburgh office marks its 10th Anniversary. Established in 2009, the office services clients throughout Scotland and has grown into a trusted adviser to individuals, family groups, charities and trusts.

Chris Thomson, head of Edinburgh and head of UK regions, said: “Richard’s appointment demonstrates our strong commitment to our team in Scotland which provides a personalised and expert service to our clients, close to their home or place of work.

“We are extremely proud of what we have achieved in Edinburgh with over 10 years of uninterrupted annual growth. An appointment of Richard’s calibre illustrates that, after 10 years, our local growth shows no sign of slowing down.”