Scoban, the new UK private bank, has appointed former Adam & Co director, Jeremy Vaughan, to the newly-created role of executive director of its London office.
Vaughan, with more than 33 years’ experience in the financial industry, served at Adam & Co for 16 years. He will report to Graeme Heslop, who was hired as managing director in January - a role he previously held for nine years at Scottish Widows Bank.
Scoban continues to make hires in preparation for the bank’s opening, which is “hopeful for spring of next year,” said Alan Young, facilities director, when speaking with this publication.
In November of last year, Scoban took up residence in the former Adam & Co building in Charlotte Square, signing a 10-year lease. The firm was set up less than a year ago by Ray Entwistle, former chairman at Adam & Co, and positions itself as offering a traditional style of private banking.