Arbuthnot hires private banking head from Coutts

Arbuthnot Latham has kick started its ambitious expansion plans with the appointment of a new head of private banking from Coutts.

Liz Bottomley worked as senior manager and client partner in Coutts' international banking division. She has worked in private banking and wealth management for 25 years and Arbuthnot says her hire is one of a string of planned additions to the senior team.

Bottomley's background in international banking will likely prove instrumental in the firm's recently-announced plans to grow an overseas capability.

She fills a void at the firm following the departure of previous private banking head Richard Dunn, who quit at the end of 2011 to join Metro Bank.  

The private bank's new chief executive James Fleming (pictured) told Wealth Manager he is looking at partnering with a Swiss firm for distribution abroad, capitalising on his own decade of experience in international banking.

'I am extremely pleased that Liz is joining Arbuthnot Latham in what is a key role for the bank,' Fleming said. 'Liz comes to us with a wealth of experience in the private banking field and her leadership and client management skills will help us as we grow our client base.'

Bottomley added: 'I believe we have seen substantial change in the wealth management arena since the events of 2008 and I am excited to be moving to Arbuthnot Latham – a bank that can offer truly bespoke solutions and personal service to its clients.'