She is set to join the bank in autumn
UK private bank Hampden & Co has appointed Tracey Davidson (pictured) as its new chief executive officer.
Davidson will replace Graeme Hartop, who is retiring after 11 years in the role. She is set to join the bank in the autumn when Hartop steps down.
Davidson is currently deputy chief executive at Handelsbanken UK, where she has worked since joining from Barclays in 2003 to expand UK operations. She also serves as chair of Handelsbanken Wealth & Asset Management and is a board member at the Personal Investment Management & Financial Advice Association (PIMFA).
In its recent full-year 2023 results, Hampden & Co reported a 19% increase in client numbers, reaching a new high of 5,598. The bank grew its workforce by 23% to 154 employees to meet the demand for personalised banking services.
Total lending also rose 9% to £488 million, while deposits increased 8% to £858 million, with term accounts seeing net inflows of £142 million. The bank recorded a profit before tax of £9.1 million in 2023, up from £2 million in 2022.
“We are delighted Tracey is joining Hampden & Co as our new CEO,” said Simon Miller, chair of the board at Hampden & Co. “She was the outstanding candidate in a very strong field, and she is very well respected in the market, among peers and by clients and professional intermediaries.
“Graeme has led the bank through launch to profitability with record levels of deposits, lending and client numbers. We wish him great success in the next phase of life and thank him for his commitment, leadership and vision in building strong foundations for Hampden & Co.”
Commenting on her appointment, Davidson said she was looking forward to leading the bank to further success.
“Hampden & Co has an excellent reputation for delivering a highly personalised banking service for clients, their families and businesses,” she added. “It has significant ambitions for the future.”
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