Arbuthnot Latham facts for kids
Headquarters on Wilson Street, City of London
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Trade name
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Arbuthnot Latham |
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Formerly
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| Industry | Financial services |
| Founded | 13 May 1833 (re-founded August 1994) |
| Headquarters | London, England |
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Key people
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| Revenue |  £120 million (2022) |
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Operating income
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£137.4 million (2022) |
| £16.5 million (2022) |
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| Subsidiaries | Renaissance Asset Finance |
Arbuthnot Latham & Co. Limited, also known as Arbuthnot Latham, is a British bank. It is a private bank and a merchant bank. Its main office is in London, England. The bank was started in 1833. It is one of the 12 special "accepting houses" in the UK.
Contents
Discovering Arbuthnot Latham's History
Arbuthnot Latham began on May 13, 1833. It was founded by Alfred Latham and John A. Arbuthnot. Their first office was in the City of London. At first, it was a general trading business. Soon, it started to focus on money matters and lending.
In 1981, the Arbuthnot family was no longer involved with the bank. A group called Dow Scandia bought it. This group was mostly owned by the Dow Chemical Company. Henry Angest joined the bank around this time. Later, Dow sold Arbuthnot Latham.
By 1990, the bank had been owned by four different groups. The name Arbuthnot Latham was not being used. In 1991, Henry Angest bought back the Arbuthnot Latham name. He then bought Aitken Hume Bank in 1994. In August 1994, Aitken Hume Bank was renamed Arbuthnot Latham & Co.
How Arbuthnot Latham Operates
Arbuthnot Latham focuses on three main types of banking. These are Private Banking, Commercial Banking, and Wealth Management.
What is Private Banking?
Private Banking helps individuals manage their money. This includes people like:
- Business leaders and entrepreneurs
- People in sports, media, and entertainment
- Specialists in different fields
- Those needing help with treasury services
For example, the Arbuthnot Latham office in Manchester grew a lot. Its private banking clients' money grew from £20 million in 2016 to over £300 million in 2021.
What is Commercial Banking?
Commercial Banking helps businesses with their money needs. This includes:
- Offering different types of loans
- Helping with "Buy to Let" properties
- Financing for real estate projects
- Support for media companies
- Specialized financial services
- Loans based on a company's assets
- Special finance for businesses
- Loans for assets through Renaissance Asset Finance
In 2019, Arbuthnot Latham won an award. It was named "Bank of the Year" by City A.M.. They beat other big banks like Monzo and Barclays.
What is Wealth Management?
Wealth Management helps people plan and grow their money for the future. This includes:
- Managing investments
- Planning how to use wealth
- Planning for retirement
In November 2020, Arbuthnot's investment team won an award. They received the "Best Private Bank – Discretionary Fund Management (DFM) Offering" award.
Where are Arbuthnot Latham's Offices?
Arbuthnot Latham has always had its main office in the City of London. From 2004 to 2014, it was on Ropemaker Street. This street was once used for making ropes in old London. In 2014, the bank moved its main office to Wilson Street. This new location is also in the Bishopsgate area of the City of London.
Besides London, Arbuthnot Latham has offices in other UK cities. These include Gatwick, Manchester, Exeter, and Bristol. Until 2021, they also had an office in Dubai. This office closed due to changes in the economy.
More About the Bank
Arbuthnot Latham is part of the "Arbuthnot Banking Group". This group is listed on the Alternative Investment Market (AIM). The bank offers services like banking, investment management, and wealth planning. They help both wealthy individuals and businesses.
See also
- List of banks
- List of banks in United Kingdom
