Managing director David Cathie has left Edinburgh-based Adam & Co, Citywire reports.

A spokesperson for the RBS-owned bank is quoted as saying: “After five years as managing director of Adam & Company, David Cathie has decided that now the strategy for the bank has been set, it is now the right time to leave to company to pursue fresh challenges. In his time with the group, David has played a central role in leading the success of the bank and Adam is now well positioned for further success within the UK.

“Until a new managing director is appointed Kerry Falconer, head of private banking, will act as interim MD which will ensure continuity of leadership on the ground in the head office of Adam in Edinburgh.”

Cathie was interviewed by WealthBriefing in April this year. To view the article, click here.