Arbuthnot Banking Group Plc has appointed Andrew Salmon as chief executive at Arbuthnot Latham & Co, Limited with immediate effect, after the previous chief executive, Ian Henderson, resigned suddenly due to “personal reasons” in April this year.
Mr Salmon will be undertaking this new role in addition to his current positions as group chief operating officer and head of business development. He has been on the board since March 2004 and has played a role in developing the firm. He has been at Arbuthnot Latham for over 20 years.
In his role, Mr Salmon will be supported by two deputy chief executives, James Cobb and Stephen Fletcher. Mr Cobb is group finance director and has been at the firm since 2008. Mr Fletcher joined in 2015 and established the firm’s commercial banking business.
Sir Henry Angest, chairman and chief executive of Arbuthnot Banking Group Plc said: “The group’s business is now focused on one principal subsidiary and we count ourselves lucky in having in Andrew an executive of such experience and quality to take on the role of Arbuthnot Latham’s new chief executive.
Arbuthnot Latham & Co., whose business was established in 1833, is the London-based private banking, commercial banking and wealth management arm of the Arbuthnot Banking Group Plc, with regional offices in Manchester, Bristol and Exeter and an international branch in Dubai.