Hampden & Co capital raise 20 per cent over-subscribed

Edinburgh-based Hampden & Co, the UK’s newest private bank, has announced that it raised more capital than planned in its recent fundraising.

The bank intended to secure £12.5 million in additional funds, but due to shareholder demand, this increased to over £15 million.

Graeme Hartop, puts the increased interest from shareholders down to the fact that there is significant demand for a private bank delivering a high quality, personal service.

He said: “Our business is growing well and we continue to attract clients who are looking for a personal, professional banking service. Our shareholders have a firm belief in this relationship model and as our reputation grows there is a healthy demand for our shares.”

He added:“Successful individuals frequently use a range of advisers, such as wealth managers, accountants and lawyers, and we have found that these advisers are very happy to refer their clients to us because of our pure focus on banking and our growing reputation in delivering a truly relationship-driven approach, that complements the services that they offer their clients.”