The sale of Everyday loans and the successful placing of a 33% stake in Secure Trust Bank have “substantially increased” the Arbuthnot’s financial resources and positioned it well for the post Brexit landscape the firm said on Tuesday.
Arbuthnot Latham is eyeing further recruitments for the North West corner of its English wealth management ‘triangle’ following a double addition to its Manchester office.
Arbuthnot Banking Group announced a 65% jump in pre-tax profit for the first half of 2015 to £15.7m and plans to expand into commercial banking.
Arbuthnot Latham has entered into a strategic co-operation agreement with Mariana Capital Markets following the departure of three senior employees.
Arbuthnot Latham’s first half-year results since the introduction of RDR has seen a jump in assets under management of more than 25% contributing to its parent company’s sustained growth over the same period.
Arbuthnot Latham has continued its team expansion with the appointment of Adam Patten as a senior private banker.
Dan Saxby has left his role at Coutts and Co, having been appointed as Director, Private Banking at Arbuthnot Latham.
