Arbuthnot Group’s private banking subsidiary,
Arbuthnot Latham reported a 40% jump in profits year-on-year to
£1.4m in the first six months of 2012.
Revenue from external customers increased in
the first six month of 2012 at £12.3m compared with £10.9m in June
2011.
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The private banking division said that strong
capital base and excess liquidity aided it, in being able to
utilize lending opportunities.
Arbuthnot Latham’s independent provider of
structured products, Gilliat Financial Solutions reported both a
consistent increase in sales volumes and news that it had completed
its first overseas offering and developed its brand awareness
across the UK IFA network.
Arbuthnot also highlighted the appointment of
ex-Coutts managing director James Fleming as chief executive at the
end of the first quarter.
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