UK's Arbuthnot Latham Names Head Of Commercial Banking

Tom Burroughes

7 September 2015

senior manager Stephen Fletcher as head of commercial banking, taking up his newly-created role with immediate effect. The move means that works with James Fleming, chief executive, who is also a former Coutts senior executive.

Fletcher has more than 25 years of commercial banking and wealth management experience in a number of senior roles. At Coutts & Co., he was managing director.

The bank said it will unveil other additions to its commercial banking business “within the coming months”.

Arbuthnot Latham in July reported pre-tax profits of £3.7 million ($5.65 million) in the first six months of 2015, a surge of 111 per cent from the same period last year, while assets under management rose to £701 million at 30 June, from £566 million a year earlier. Customer loans stood at £584 million in the first half, up from £394 million a year before; customer deposits were £770 million, up from £589 million.