IAN McCONNELL
NEW private bank Hampden & Co has exceeded its growth projections by winning a major contract.
Edinburgh-based Hampden & Co has won a contract to look after the banking requirements of more than 1,200 high net worth clients in relation to their Lloyd’s of London insurance underwriting activities.
Hampden & Co, the UK’s newest private bank, said the contract was bringing more than an initial £80 million of balances. It added that the new business had put its deposit and client numbers well ahead of its projections. The business has been transferred from the Bank of Butterfield, which has retreated recently from the UK private banking market.
Hampden & Co chief executive Graeme Hartop 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.”
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