Arbuthnot Latham & Co
Encyclopedia
Arbuthnot Latham & Co is a small private bank
(a merchant bank
) based in Moorgate
in the City of London
in the UK
. It has the status of one of the twelve accepting houses
.
Arbuthnot Latham & Co is now part of Arbuthnot Banking Group (previously known as "Secure Trust Banking Group"), which is quoted on Alternative Investment Market
(AIM); it was previously quoted on the Stock Exchange
. It offers a wide range of savings, pensions and loans products for both private individuals, and commercial clients. Other members of the group are "Secure Trust Bank" and "Arbuthnot Securities" (being sold to Westhouse Group). The Chairman is Henry Angest. Their economic adviser is Ruth Lea
.
Private bank
Private banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner with limited partner...
(a merchant bank
Merchant bank
A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. A merchant bank also provides advisory on corporate matters to the firms they lend to....
) based in Moorgate
Moorgate
Moorgate was a postern in the London Wall originally built by the Romans. It was turned into a gate in the 15th century. Though the gate was demolished in 1762, the name survives as a major street in the City of London...
in the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It has the status of one of the twelve accepting houses
Accepting house
An accepting house is a primarily British institution which specializes in the acceptance and guarantee of bills of exchange thereby facilitating the lending of money. They now have taken on other functions as the use of bills has declined, returning to their original wider function of merchant...
.
Arbuthnot Latham & Co is now part of Arbuthnot Banking Group (previously known as "Secure Trust Banking Group"), which is quoted on Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
(AIM); it was previously quoted on the Stock Exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
. It offers a wide range of savings, pensions and loans products for both private individuals, and commercial clients. Other members of the group are "Secure Trust Bank" and "Arbuthnot Securities" (being sold to Westhouse Group). The Chairman is Henry Angest. Their economic adviser is Ruth Lea
Ruth Lea
Ruth Jane Lea is a British economist, who works in the financial sector and has also worked in the Civil Service, policy research bodies and the media....
.