In a move which reflects its continued growth ambitions, Coutts today announces a new management structure for its UK business, under the leadership of Michael Morley, Chief Executive of Coutts & Co.
The UK market will now be led by six regional Managing Directors all of whom will report to Michael Morley. In addition to the internal realignment, the new structure includes the appointment of Paul Smith who joins from HSBC Private Bank and who will have responsibility for all Coutts regional offices in southern England and Wales.
Mr Smith brings over 30 years’ financial experience to the UK management team, including 23 years of continuous private banking experience in the UK. He was instrumental in building HSBC Private Bank in the UK from its original start-up to over 750 bankers managing over £20 billion in client balances.
Michael Morley, said: “Earlier this year we set out our global ambition for Coutts but this clearly involves building our business in the core UK market. The new management structure will improve client focus and efficiency and I am delighted to welcome someone of Paul’s calibre to my management team. Along with my other regional Managing Directors, he will bring a great blend of client knowledge and business experience to the company.”
The Six Managing Directors will sit on the Coutts UK Management Committee
James Fleming will be Managing Director for London with responsibility for the Entrepreneurs, Landowners and Inpats client groups. James is a seasoned wealth management executive and moves from Coutts International where he had recently been leading the growth strategy for the Middle East.
Harry Keogh will be Managing Director for London with responsibility for the Professionals, Executives and Sports & Entertainments clients groups. Harry joined Coutts in 2009 and before that headed the RBS / NatWest private banking division. Recently he has been the Chairman of the Managing Partners group at Coutts.
Paul Smith will become Managing Director, South and Wales. Paul joins Coutts from HSBC where he was head of private banking and also Chairman of the Private Banking Advisory Panel for the British Bankers’ Association. He brings 23 years experience to Coutts gained in the private client industry and has considerable experience in building the private bank at HSBC.
Dylan Williams will be Managing Director, North and Ireland. Dylan joined Coutts as a graduate in 1998 working initially in London and subsequently in Manchester and was recently Managing Partner for the North West and North East.
Graham Storrie continues to be Managing Director, Adam and Company, and has market leadership responsibility for Scotland.
Steve Camm continues to be Managing Director, Retail and International Personal Banking and has market leadership for the Channel Islands, Isle of Man and Gibraltar.