The UK private bank Hampden & Co has appointed Tracey Davidson as its new CEO.
She will take over for CEO Graeme Hartop, who has departed Hampden & Co after eleven years.
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Davidson was previously the deputy CEO of Handelsbanken UK and chair of Handelsbanken Wealth & Asset Management. She joined Handelsbanken from Barclays in 2003 to help strengthen the Swedish bank’s UK business.
At the Chartered Institute for Securities & Investment (CISI), she serves as Chair of the Integrity and Ethics Committee in addition to being a board member of the Personal Investment Management & Financial Advice Association (PIMFA).
Davidson stated: “In 2015, Hampden & Co launched as the first new UK private bank in 30 years. Since then, it has garnered a strong reputation for excellent client service and tailored products. I see the potential for strong growth as UK customers increasingly seek a more personalised banking service from a bank that understands their needs. I am excited to join Hampden & Co and I look forward to leading the team to further success in the years ahead.”
Hampden & Co provides banking, deposit, loan, and foreign exchange services to high-net-worth individuals, families, and enterprises.
Moreover, the bank announced its results for the first half of 2024, reporting that total balance sheet assets had crossed £1bn ($1.3bn) for the first time. Total deposits rose 15.8% year to year to £895m (H1 2023: £773m), while total lending increased 20.4% to £555m (H1 2023: £461m). In its 2023 annual results, the bank declared that it would issue its inaugural dividend to shareholders as profit before tax reached £9.1m.
Hampden & Co will debut an enhanced digital banking service later this year. It is also relocating its Edinburgh and London offices to better serve clients and accommodate its growing personnel.
