The new CEO will replace Graeme Hartop who is retiring after 11 years in the role.

UK private bank Hampden & Co has appointed Tracey Davidson (pictured) as its new chief executive officer. She will join the bank in the Autumn when Graeme Hartop steps down, the firm said in a statement.

Davidson will be joining from Handelsbanken UK where she is deputy CEO; she joined from Barclays in 2003 to expand banking operations in the UK. She is also chair of Handelsbanken Wealth & Asset Management and a board member of the Personal Investment Management & Financial Advice Association (PIMFA).

In its recent full-year 2023 annual results, Hampden & Co announced that client numbers had increased by almost a fifth to a new high of 5,598. To meet demand from clients for a personalised banking service, the bank said it has grown the number of employees by 23 per cent to 154.

Strong demand for borrowing saw total lending rise 9 per cent to £488 million ($622 million) for the year. Deposits increased 8 per cent to £858 million, with term accounts seeing net inflows of £142 million. The bank recorded a profit before tax of £9.1 million in 2023, up from £2 million in 2022. See more details about the results here.

“Graeme has led the bank through launch to profitability with record levels of deposits, lending and client numbers. We wish him great success in the next phase of life and thank him for his commitment, leadership and vision in building strong foundations for Hampden & Co,” Simon Miller, chair of the board at Hampden & Co, said.