People Moves

BNY Mellon Man Joins New UK Private Bank

Wendy Spires, Group Deputy Editor, London, 27 June 2011


Scoban, the new UK private bank set up by former Adam & Co chairman Ray Entwistle, has hired BNY Mellon’s former head of dealing, Citywire reports.

Stuart Alexander will reportedly join Scoban over the summer as head of operations and company secretary. He was previously director of banking operations at Adam & Co.

Entwistle has recruited a number of former colleagues to man his fledgling private bank. Last month he brought in Andrew Mulligan, former finance director at Adam & Co, to occupy the same role at Scoban; he was joined by Alan Young, who was appointed as group facilities director, having previously been part of Adam & Co’s group facilities team.

News of Scoban’s formation first emerged in January, at which time Entwistle said he was initially planning to open branches in London and Edinburgh. The bank’s launch is planned for July 2012.

Entwistle had been the chairman of Adam & Co for five years, before leaving to work on his new venture in February 2010.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes