# Arbuthnot Latham: London's entrepreneurial private bank > Arbuthnot Latham — the British private bank for entrepreneurs: entry from £750k, lombard lending, the Direct Gilt Service, owner Angest at 60% of votes and FSCS protection. Last modified: 2026-10-19T00:00:00.000Z Canonical: https://wiki.private.law/en/arbuthnot-latham Publisher: wiki.private.law (https://wiki.private.law) Version: 2165f7321c8102c398e1acb3266fd24ec7f264e426f7345aab6e11120e506358 Cite as: Arbuthnot Latham: London's entrepreneurial private bank. wiki.private.law. https://wiki.private.law/en/arbuthnot-latham. Version 2165f7321c8102c398e1acb3266fd24ec7f264e426f7345aab6e11120e506358. Topics: banking Jurisdictions: uk Functional tags: private-banking Product tags: bank, wealth-planning, investment, custody, lombard-credit Semantic tags: private-banking, bank, wealth-planning, investment, custody, lombard-credit --- ## Concept **Arbuthnot Latham & Co., Limited** is a British private bank for entrepreneurs and wealthy families, the principal entity of Arbuthnot Banking Group PLC (listed on AIM: ARBB and Aquis). **Type**: an independent private bank with a controlling owner — Sir Henry Angest holds [60% of the votes](https://www.arbuthnotlatham.co.uk/sites/default/files/documents/ABG_PDMR_Dealing_29_September_2026.pdf). The name dates to 1833 (a London merchant house, later an accepting house); the current bank was assembled by Angest in the 1990s around Aitken Hume Bank. The bank's CEO is Andrew Salmon (since 2018). ## History and evolution Founded on 13 May 1833 by John Alves Arbuthnot and Alfred Latham; the name disappeared under successive owners in the 1980s and was restored by Angest in 1994; the group has been on AIM since 2005. Growth came through niches: commercial property finance, Renaissance Asset Finance (2013), ACABL (2018), Asset Alliance (2020). The Dubai representative office (2013) was closed in May 2021, with clients moved to London. Recent products: the Direct Gilt Service (2024, ~£275m by late 2025) and the Global Direct Service for US-connected clients (July 2026). 2025 results: deposits of [£4.57bn (+10.6%)](https://www.londonstockexchange.com/news-article/ARBB/audited-final-results-for-the-year-to-31-12-2025/17520474), loans of £2.25bn, pre-tax profit of £24.2m; funds under management and administration of £2.68bn (+21%); CET1 at 13.3%. > 🍓 Deposits are FSCS-protected — [£120,000 from 1 December 2025](https://www.bankofengland.co.uk/news/2025/november/pra-confirms-fscs-deposit-limit-to-be-increased-to-120000-from-1-december) per person (temporary high balances up to £1.4m); Arbuthnot Direct operates under the same licence, so the limit is shared. Custody securities are segregated. ## Regulation - **PRA / FCA** — Arbuthnot Latham & Co., Limited (London; offices in Manchester, Exeter, Bristol). - No international offices remain: Dubai closed in 2021; non-residents are served by a dedicated International Private Banking team in London, with booking in the UK or Jersey. ## Source of funds and compliance Onboarding starts with a threshold and jurisdiction check (the bank keeps an accepted-country list); then the [source-of-funds](https://wiki.private.law/source-of-funds) file plus CRS/FATCA. No public FCA/PRA enforcement against the bank was identified; the 2025 accounts absorbed a £3.3m professional-negligence claim. > 💡 Prepare the source-of-wealth file in advance: sale of a business, dividends, inheritance. The mechanics are covered in the guide on [documenting source of funds](https://wiki.private.law/source-of-funds). ## Who it serves - **UK**: officially — new private-banking clients bring [at least £750,000](https://www.arbuthnotlatham.co.uk/private-banking) across deposits, investments or borrowing; - **entrepreneurs** — businesses with turnover above £1m; commercial property and asset-based lending; - **international clients**: a team for expats, non-residents and non-UK passport holders living in the UK; since July 2026 a specialist proposition for US-connected clients; - gilt investors — the Direct Gilt Service from £2m. ## Services ### Banking - multi-currency accounts and cards, payments, treasury deposits, FX; - mortgages (main residence and buy-to-let), revolving credit and overdrafts. ### Lending - [borrowing against investment portfolios](https://wiki.private.law/lombard-lending); - property finance (£1–20m) and asset-based lending (£1–35m via ACABL). ### Wealth management - discretionary management via Arbuthnot Latham Investment Management; advisory and execution routes; - the Direct Gilt Service and Global Direct Service; estate and retirement planning; an IFA/intermediary channel. ## Entities and booking centres | Jurisdiction | Legal entity | Format and supervisor | Role for the client | | --- | --- | --- | --- | | UK | Arbuthnot Latham & Co., Limited (London, Manchester, Exeter, Bristol) | bank, PRA/FCA | domestic market and the international desk | | UAE | — | representative office closed in 2021 | clients moved to London | ## Strengths - an entrepreneurial specialisation: a bank for business owners rather than everyone; - a set rare for its size: lombard lending, direct gilts, a US-connected line; - fast decisions under a controlling owner without group bureaucracy; - public AIM reporting and a clean supervisory record. ## Where it does not fit - clients needing international booking beyond the UK and Jersey — there is no network; - fortunes below the official £750,000 threshold; - those seeking a universal group's scale (structured products, capital markets); - clients in Asia — the presence is British only. Arbuthnot Latham is the entrepreneurs' bank with a controlling owner and an honest threshold: strong in lending and banking for business owners, narrow in geography and in the investment shelf. ## Q/A ### Entry and format ### What minimum capital does Arbuthnot Latham require? Officially: a new private-banking client brings at least £750,000 across deposits, investments or borrowing. A common mix-up with £250,000 — that is the ceiling for Arbuthnot Direct deposits, not the private-banking entry. For the Direct Gilt Service the benchmark is £2m+. ### Does the bank work with non-residents? Yes, through the International Private Banking team in London: expats, non-residents and non-UK passport holders living in the UK; assets can be booked in the UK or Jersey. Since July 2026 there is a specialist proposition for US-connected clients. The accepted-jurisdiction list sits with the bank. ### What does the deposit guarantee cover? The FSCS — £120,000 per person per institution (temporary high balances up to £1.4m); the limit is shared across the Arbuthnot Latham and Arbuthnot Direct brands. Custody securities are segregated. ### History ### Why was the Dubai office closed? The DIFC representative office (2013) was closed on 31 May 2021 amid pandemic-era earnings pressure; clients were moved to London. International work has since run from the headquarters without foreign points. ### Who controls the bank? Sir Henry Angest — the group's chairman and chief executive with 60% of the votes; he assembled the current bank in the 1990s and restored its 1833 name. For a client this means decisions without corporate sign-off chains, but also key-person dependence. --- ## Similar articles - [British Atlantic Bank (NodaBank): Accounts, Deposits and Lending](https://wiki.private.law/en/nodabank) - [Rathbones: the UK's wealth house with a banking licence inside](https://wiki.private.law/en/rathbones) - [Investec Private Banking: the specialist bank of two countries with an offshore wing](https://wiki.private.law/en/investec) - [Union Bancaire Privée: the Geneva family bank built through acquisitions](https://wiki.private.law/en/ubp-union-bancaire-privee) - [Nedbank Private Wealth: the island bank for mobile South African and British families](https://wiki.private.law/en/nedbank-private-wealth) - [Northern Trust: the American trust bank for family offices](https://wiki.private.law/en/northern-trust) --- Source: wiki.private.law — the private.law legal knowledge base. When quoting, cite the canonical page URL. 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