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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| Limited company | |
| Traded as |
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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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Sir Nigel Boardman (Chairman) Sir Henry Angest (President) Andrew Salmon (CEO) |
| Products |
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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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| Parent | Arbuthnot Banking Group plc |
| Subsidiaries | Renaissance Asset Finance |
Arbuthnot Latham & Co. Limited is a special kind of bank in London, England. It's known as a private bank and a merchant bank. This means it helps both individuals with a lot of money and businesses with their finances. It's a main part of a bigger company called Arbuthnot Banking Group plc. This group's shares are traded on a stock market called the Alternative Investment Market, using the symbol ARBB. The bank was started way back in 1833.
Contents
History of Arbuthnot Latham
Arbuthnot Latham was founded on May 13, 1833. It was started by Alfred Latham and John A. Arbuthnot. Their first office was in the City of London, near a famous building now known as The Gherkin. At first, it was a general trading business. Soon, it began to focus on finance and lending money.
In 1981, the Arbuthnot family stopped being 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. Not long after, Dow sold Arbuthnot Latham.
By 1990, the bank had been owned by four different companies. The name Arbuthnot Latham was not being used anymore. Henry Angest then bought back the Arbuthnot Latham name in 1991. He also bought another bank, Aitken Hume Bank, in 1994. In August 1994, Aitken Hume Bank was renamed Arbuthnot Latham & Co.
How Arbuthnot Latham Works
Arbuthnot Latham focuses on three main types of banking services. These are Private Banking, Commercial Banking, and Wealth Management.
Private Banking Services
Private Banking at Arbuthnot Latham helps individuals manage their money. This service is set up to help different groups of people.
- It helps business leaders and people who start their own companies.
- It also works with people in sports, media, and entertainment.
- There are special teams for other unique needs.
- They also have a treasury service for managing money.
For example, their private banking in Manchester grew a lot. It went from managing £20 million in 2016 to over £300 million in 2021.
Commercial Banking Services
Commercial Banking at Arbuthnot Latham helps businesses. They offer many ways for companies to get money and manage their finances.
- They provide solutions for lending money to businesses.
- They help with "Buy to Let" properties, which are homes bought to rent out.
- They offer finance for real estate projects.
- They work with media companies.
- They have specialists for different business needs.
- They offer asset-based lending, using a company's assets as collateral.
- They also have special finance services and Renaissance Asset Finance.
In 2019, Arbuthnot Latham won the "Bank of the Year" award from City A.M.. They beat other big banks like Monzo and Barclays.
Wealth Management Services
Wealth Management at Arbuthnot Latham helps people plan and grow their money for the future.
- They offer investment management, which means helping people invest their money.
- They provide wealth planning to help set financial goals.
- They also help with retirement planning, so people can save for when they stop working.
In November 2020, Arbuthnot's investment team won an award. It was for being the "Best Private Bank" for managing investments in the Middle East and North Africa.
Arbuthnot Latham Locations
Arbuthnot Latham has always had its main office in the City of London. From 2004 to 2014, their office was on Ropemaker Street. This street was once a place where ropes were made in old London. Their office was very close to a tall building called CityPoint.
In 2014, Arbuthnot Latham bought a building on Wilson Street. This street is in the Bishopsgate area of the City. They then moved their main office to this new location.
Besides London, Arbuthnot Latham has other offices in the UK. You can find them in Gatwick, Manchester, Exeter, and Bristol. Until 2021, they also had an office in Dubai. This office closed partly because the bank's earnings went down. This was due to the COVID-19 pandemic.
More About the Bank
Arbuthnot Latham is part of the "Arbuthnot Banking Group." This group's shares are traded on the Alternative Investment Market (AIM). The bank offers services like banking, managing investments, and planning wealth. They help both wealthy individuals and businesses.
See also
- List of banks
- List of banks in the United Kingdom
