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Barclays man quits for private bank Hampden

Barclays man quits for private bank Hampden

Barclays’ Edinburgh-based private banker Chris Cowan has resigned to join new Scottish private bank Hampden & Co, formerly known as Scoban.

Cowan worked at Barclays since 2008 and Adam & Co for 18 years prior to this. He will be reunited with his former Adam & Co colleagues, some of whom founded Hampden. They include chairman Ray Entwistle (pictured right), head of the London office Jeremy Vaughan, finance director Andrew Mulligan and head of operations Stuart Alexander.

In April, Scoban announced it would be renamed Hampden, taking on the name of the insurance and financial services company after it took a significant stake in the business.

Hampden’s investment came as Scoban launched a fundraising via an open offer to its existing shareholders, targeting £40 million. The bank is set to open for business later this year and has received regulatory approval.

A number of senior staff are departing Barclays’ wealth business, including CEO Peter Horrell - who leaves later this year - and head of wealth management Henry Fischel-Bock.

Barclays and Hampden declined to comment.

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