 Headquarters on Wilson Street, City of London | |
| Arbuthnot Latham | |
| Formerly |
|
| Company type | Limited company |
| Industry | Financial services |
| Founded | 13 May 1833 (re-founded August 1994) |
| Headquarters | London, England |
Key people | Sir Nigel Boardman (Chairman) Sir Henry Angest (President) Andrew Salmon (CEO) |
| Products | |
| Revenue |  £120 million (2022)[2] |
| £137.4 million (2022)[2] | |
| £16.5 million (2022)[2] | |
| Parent | Arbuthnot Banking Group plc |
| Subsidiaries | Renaissance Asset Finance |
| Website | www |
Arbuthnot Latham & Co. Limited is a Britishprivate andmerchant bank headquartered inLondon, England. It is the principal subsidiary of Arbuthnot Banking Group plc, which trades on theAlternative Investment Market under the stock symbol ARBB.[3] Founded in 1833, it has the status of one of the 12accepting houses.[4]
Arbuthnot Latham was founded on 13 May 1833 byAlfred Latham andJohn A. Arbuthnot at 33 Great St Helen's,Lime Street (nearThe Gherkin) in theCity of London. Originally starting as a general merchant business, it soon began involving itself in finance and lending operations.[5]
In 1981 the Arbuthnot family's involvement with the bank ended, with its purchase by Dow Scandia; a consortium majority owned by theDow Chemical Company. It was at this time thatHenry Angest joined the bank.[6] Shortly afterwards, Dow had sold Arbuthnot Latham.
By 1990, the business had had four separate owners[7] and the Arbuthnot Latham name had been retired. After successfully leading themanagement buyout of Secure Homes (later renamed Secure Trust),Henry Angest acquired Arbuthnot Fund Managers (and thereby the Arbuthnot Latham name) in 1991, and then in 1994 acquired Aitken Hume Bank for an estimated £3.2million.[8] In August 1994, Aitken Hume Bank was renamed Arbuthnot Latham & Co.[9]
Arbuthnot Latham focuses on three primary businesses practices: Private Banking, Commercial Banking, and Wealth Management.[10]
Arbuthnot's Private Banking business is structured as follows:[11]
Arbuthnot Latham Manchester, which has a large private banking client book, grew its balance sheet from £20m in 2016 to over £300m in 2021.[12]
Arbuthnot's Commercial Banking business is structured as follows:[13]
In 2019, Arbuthnot Latham was the winner ofCity A.M.'s Bank of the Year award (originally known as theRetail Bank of the Year award), beatingMonzo,OakNorth,Barclays, andCredit Suisse.[14]
Arbuthnot's Wealth Management business is structured as follows:[15]
In November 2020, Arbuthnot's Investment arm one WealthBriefing MENA Awards for Excellence "Best Private Bank – Discretionary Fund Management (DFM) Offering" award.[16]
For the entirety of its existence, Arbuthnot Latham (including its predecessor companies) have been headquartered in theCity of London. From 2004 to 2014, Arbuthnot was based in Ropemaker Street; one of the former ‘rope walks’ that existed on the outskirts of medieval London.[17] The location Arbuthnot chose to base itself during this period was very close to theCity's skyscraper,CityPoint.[18] In 2014, Arbuthnot Latham acquired the freehold of a property in Wilson Street, in theBishopsgate area of theCity, and moved its headquarters to that location.[19][20]
Outside of its Central London footprint, Arbuthnot Latham currently has offices inGatwick,[21]Manchester,Exeter, andBristol.[22] Until 2021, Arbuthnot had an international office based in theInternational Financial Centre inDubai.[23] The closure of this office was partially attributed to the collapse in Arbuthnot's earnings as a result of theCOVID-19 pandemic.[24]
The bank is part of the "Arbuthnot Banking Group"[25] (previously known as Secure Trust Banking Group), which is quoted on theAlternative Investment Market (AIM); it was previously listed on theLondon Stock Exchange. It offers banking, investment management and wealth planning services to both high net worth private individuals and commercial clients.
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