Hampden & Co.

Hampden & Co. is a British independent private bank for high-net-worth individuals, families and commercial entities.[2]

Hampden & Co.
IndustryPrivate banking
FoundedJune 18, 2015 (2015-06-18) in United Kingdom
FounderRay Entwistle
Headquarters
United Kingdom
Number of locations
2 (London, Edinburgh)
Area served
United Kingdom
Number of employees
97 (June 2020)[1]
Websitehampdenandco.com

The bank was founded in June 2015 by Ray Entwistle. It was the first of its kind to launch in the UK in 30 years, with offices in Charlotte Square, Edinburgh, and Dover Street in Mayfair, London.[3]

In May 2018, a second Edinburgh office was opened close to the Charlotte Square headquarters to house operational and administrational teams.[4]

History

Hampden & Co was incorporated on 12 October 2010, under the temporary name of “Scoban”. The company changed its name to “Hampden & Co” on 18 June 2015[5] prior to opening.

The name “Hampden & Co” reflects one of their major shareholders, the Hampden Group, and commemorates John Hampden, the 17th century English politician who was one of the parliamentarians who challenged the authority of King Charles I.

Board and investors

As an independent private bank, Hampden & Co is backed by four cornerstone shareholders and hundreds of smaller investors who collectively raised over £60m in capital for the 2015 launch.[6] Of the four cornerstone investors, one is The Hampden Group, which is a family owned company, focusing on insurance and financial services sectors. Its key areas of operation are in Lloyd's Members' Agency services, underwriting, insurance company administration, bespoke Run-Off insurance management, audit, tax and consultancy services.

Another cornerstone investor is XL Bermuda Ltd, a subsidiary of the insurance focused conglomerate Axa.

In August 2018 founding Chairman Ray Entwistle announced he would step down from the board of Hampden & Co,[7] but remain employed in a new capacity as “Founder”. In January 2018 Ray Entwistle was appointed OBE for services to charity and the arts.[8]

Hampden & Co is headed by CEO Graeme Hartop, former Managing Director of Scottish Widows Bank, and Simon Miller, who returned as Chairman in May 2020 having previously helped to found the bank in 2010.

Hampden & Co's other board members are:

  • Andy Mulligan – Finance Director
  • Vicky Kubitscheck – Non-executive Director
  • Charlie Oliver – Non-executive Director
  • Peter Sparkes – Non-executive Director
  • Finlay Williamson – Non-executive Director

Services and affiliations

Hampden & Co is an affinity partner of the Institute of Chartered Accountants of Scotland (ICAS),[9] as well as Scottish Land and Estates.[10] It provides traditional private banking services from current accounts to bespoke lending solutions, mortgages and foreign exchange capabilities.

In 2018, Hampden & Co entered the intermediary mortgage market, acknowledging that many high-net-worth clients use mortgage brokers to arrange their property finance.

In January 2019, the bank launched their own mobile banking app to add a digital banking service to their offering.[11]

Hampden & Co were one of nine banks selected to take part in the RBS “Incentivised Switching Scheme ” that was set up due to the state aid that RBS received during the financial crisis.[12]

References
  1. "HAMPDEN & CO PLC - Officers (free information from Companies House)". beta.companieshouse.gov.uk.
  2. "Paradigm adds private banker Hampden & Co to panel". www.mortgagestrategy.co.uk. Retrieved 2 July 2018.
  3. "New Private Bank Hampden & Co sets up in Edinburgh and London". www.bbc.com. Retrieved 18 June 2015.
  4. "Hampden & Co unveils key hire and new office". www.scotsman.com. Retrieved 21 May 2018.
  5. "C". beta.companieshouse.gov.uk.
  6. "Staying true to the traditional approach". private-banker.nridigital.com.
  7. "Ray Entwistle looks to step down from board of Hampden & Co". www.scotsman.com. Retrieved 1 August 2018.
  8. "Hampden & Co chairman honoured with OBE". www.scottishfinancialnews.com. Retrieved 8 January 2018.
  9. "ICAS benefit partners". icas.com.
  10. "Scottish Land and Estates". scottishlandandestates.co.uk.
  11. "Hampden & Co debuts digital banking". scotsman.com. Retrieved 27 December 2018.
  12. "Eleven banks chosen to join £350m RBS scheme to boost business banking competition". cityam.com. Retrieved 19 December 2018.
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