Following the retirement of the Earl of Home as chairman of Coutts & Co at the end of last year, the firm have appointed Lord Waldegrave of North Hill as his replacement.
The Earl of Home had served as chairman for the last 14 years but decided to step down on the 31st December. He will remain on as chairman of the board for Coutts & Co Ltd., this Swiss branch of the firm.
Having recently joined the board, only becoming non-executive director in December 2012, Lord Waldegrave will assume the role of chairman.