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Transfer to Edinburgh firm

Hampden & Co takes on Smith & Williamson loan book

Graeme Hartop

Graeme Hartop: ‘well-positioned’

Hampden & Co, the private bank, is taking on the £35 million loan book from Smith & Williamson which has relinquished its banking licence.

It is secured against Smith & Williamson client investment portfolios and the transfer is expected to complete later this year. 

Hampden & Co CEO, Graeme Hartop, said the firm was “well-positioned” to work collaboratively with specialist wealth managers like Smith & Williamson.” 

David Cobb, Co-CEO at Smith & Williamson said Hampden & Co’s “clear focus on banking made the decision a relatively straightforward one.”

Reflecting on continuing growth at Hampden & Co and the value expected to flow from the Smith & Williamson transfer, Mr Hartop added: “We have been growing strongly year-on-year since launch, and a key component of that growth has stemmed from recommendations from UK professionals in the high net worth space.”

In August, Hampden & Co reported 48% year-on-year income growth in its half-year results, with deposits up 39% and lending increased by 44%.

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