He will guide the succession of the group
Hampden Group, a provider of specialist insurance, investment, and financial support services, has announced the appointment of Lord Strathclyde as the chair of its holding company, Hampden Holdings.
Strathclyde will succeed founder Tim Oliver, who will continue to serve on the board as founder and life president. The company noted Oliver had been instrumental in the group’s development over the past 50 years.
The appointment marks a significant step in Hampden’s strategic board succession, according to a news release. Strathclyde, with substantial experience in family-owned businesses, currently serves as chairman of Hampden Agencies, a large provider of members’ agency services in the Lloyd’s market. The group noted his expertise positions him well to support the board.
“I am delighted to hand on the chairmanship of Hampden to Tom Strathclyde,” said Oliver. “His skills and insight will be important to Hampden’s continued long-term development.”
Strathclyde expressed his enthusiasm, stating: “Hampden is a uniquely placed business, and I am delighted to be entrusted with such an important role in the succession and growth of the group.”
Stephen Harris meanwhile, CEO of Hampden Group, praised Oliver’s contributions, noting: “Tim Oliver’s contribution to the group and indeed the Lloyd’s market over the past decades cannot be underestimated. We look forward to continuing to benefit from his input as a director and welcome Tom’s experience and guidance as chair, enabling the board to develop the group’s strategy in the coming years.”
The Hampden Group’s growth is further underscored by Hampden & Co's recent performance. The private bank reported a 19% increase in new client numbers in 2023, reaching 5,598 clients. CEO Graeme Hartop attributed the growth to a demand for personalized banking and bespoke lending, highlighting a 39% increase in business from mortgage brokers.
Additionally, the bank announced Tracey Davidson as its new CEO, set to join in the autumn. Davidson, currently deputy chief executive at Handelsbanken UK, will replace Hartop, who is retiring. Davidson praised Hampden & Co for its reputation in delivering personalized service and expressed excitement about leading the bank’s future growth.
Hampden & Co’s total lending rose by 9% to £488 million, with deposits increasing by 8% to £858 million, showcasing the group’s robust financial health and strategic vision.
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