Private bank Hampden & Co has recorded double digit rises in income, deposits, and lending in H1 2021.
Income increased by £1.2m ($1.6m) year-on-year, or 24%, to reach £6m for Hampden & Co in H1 2021.
In addition, deposits rose by £180m to hit £603m, or 42% compared to H1 2020, while lending spiked 53%, an extra £133m, to reach £381m.
This followed a strong period of growth in 2020 and was achieved despite a backdrop of historically low interest rates and wider changes in the UK private banking sector.
Hampden & Co CEO Graeme Hartop said: “We have continued to experience strong demand for our accessible and flexible approach to banking, particularly during lockdown when clients valued having a banker they can call on.”
He added: “With our focus exclusively on banking, we have also been able to grow and strengthen our relationships with other advisers. The addition last year of our new retirement mortgage service has proved very popular with advisers and their clients as they seek effective solutions to managing finances in later life. This has been reflected in our performance in the first half.”
Tate joins from Sainsbury’s Bank, where he was most recently head of digital transformation. At Sainsbury’s Bank, he also held roles such as head of architecture and head of strategic design. Previously, he worked at Accenture, Capgemini and PwC.
As a member of Hampden & Co’s executive management tram, Tate will work closely with CEO Graeme Hartop. He will also lead the bank’s technology strategy and business change programmes.