UK-based private bank Hampden & Co has appointed Mark Thomson as its new head of credit.

Thomson, who has more than 35 years of experience in the banking domain, is joining Hampden & Co from the Scottish Building Society, where he held the role of CEO.

Prior to that, he served as credit director at Scottish Widows Bank.

In his new role, Thomson will manage Hampden’s approach to individual credit decision-making, particularly for customers with intricate requirements but low-risk profile.

Commenting on the appointment, Hampden & Co CEO Graeme Hartop said: “Mark was a key member of the senior team during my time at Scottish Widows Bank and brings extensive banking experience and encapsulates our ethos of having the best people in the market at Hampden & Co.”

Thomson said: “I’ve always been of the opinion that every client’s individual circumstances should be a very important factor when assessing lending applications and not placing total reliance on application scoring systems employed by the vast majority of the mainstream banking sector.

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“Hampden & Co is in direct contrast to the high street banks in this area, the bank is making the right impression in the marketplace and I look forward to contributing to its ongoing success.”

This appointment comes close on the heels of Hampden & Co appointing Andrew Bell as its chief commercial officer.

Smith & Williamson transferred a £30m loan book to Hampden & Co in December last year following an earlier decision for the financial and professional services group to relinquish its banking licence.