Senior Hire for Hampden & Co as Lending Growth Increases at Uk's Newest Private Bank

Press Release

Senior hire for Hampden & Co as lending growth increases at UK's newest private bank

• Duncan Buchanan (left) joins from Lloyds Banking Group
• Hampden & Co expects borrowing interest to continue to grow

• Hampden & Co offers a personal, professional banking service, in contrast to an industry that is moving towards further automation and digital self-service, and focuses purely on providing high quality banking. The bank does not offer services that compete with other professional advisers, including wealth managers, and is viewed as a differentiator in the industry while leading to high numbers of professional advisers actively recommending the bank to their clients.
  
  

Graeme Hartop, Hampden & Co's CEO, said; "Hampden & Co was designed to provide a more personal and professional banking service, with an inbuilt ability to look at complex lending situations individually, rather than relying on the pre-defined credit models that are more commonplace with the high street banks. A lot of the people we deal with have financing needs that are slightly unusual, and which we review on a case by case basis, in order to do this we need experienced banking experts, and Duncan very much fits the bill in that regard."

Duncan Buchanan, who joins Hampden & Co from Bank of Scotland Private, a division of Lloyds Banking Group where he specialised in providing lending to high net worth individuals, said: "I have always really enjoyed helping clients to find solutions to unusual circumstances, which is in keeping with the overall approach taken at Hampden & Co, so I see this as a natural move. I was also really attracted both to the ambition of the bank, to challenge the 'digital first' direction of the industry, and by the calibre of the people across the team."

Looking ahead to the remainder of the year and into 2019, Hampden & Co expects borrowing interest to continue. Graeme Hartop added: "There has been a sustained demand for lending in Scotland, driven from a number of angles, including parents seeking to act as guarantor for mortgages for their children through to professional landlords seeking to take advantage of the tax benefits of purchasing multiple properties simultaneously."

Hampden & Co became the first UK private bank to be established in a quarter of a century when it opened for business in June 2015. Headquartered on Edinburgh's iconic Charlotte Square and with a London office in Mayfair, offering a full suite of banking services which they tailor to the needs of individual clients.