Group History

Group History

As part of the 180th year celebrations, Arbuthnot Latham published a book 'Arbuthnot Latham. From Merchant Bank to Private Bank (1833-2013)' by David Lascelles. A brief overview of some of the important milestones in the Group's history is outlined below.

1833-1883

1833

Arbuthnot & Latham formed at Great St Helen's

1858

John Alves Arbuthnot becomes Governor of the London Assurance

1861

Alfred Latham becomes Governor of the Bank of England

1875

Death of John Alves Arbuthnot

1884-1913

1884

Charles Arbuthnot appointed director of the Bank of England

1887

Arbuthnot & Latham helps to underwrite Cecil Rhodes's Gold Fields of South Africa

1891

Consolidated Estates Company formed to manage the bank's Ceylonese and Indian interests

1914-1932

1914

Arbuthnot Latham & Co is among the founding members of the Accepting Houses Committee

1921

Arbuthnot Latham & Co becomes only the second Acceptance House to convert to a limited liability company

1929

John Prideaux joins the bank

1933-1959

1933

100 year Arbuthnot Jubilee

1941

Bank head office destroyed in the Blitz

1944

John K Gilliat & Co Ltd acquired

1960-1969

1960

Flotation of Arbuthnot Latham

1965

Dow Banking Corporation formed in Zurich

1967

Arbuthnot Latham launches its first unit trust

1969

Arbuthnot Latham Holdings formed

1970-1981

1970

Arbuthnot Latham forms first merchant bank in Singapore with Standard Chartered Bank

1971

John Prideaux becomes chairman of the National Westminster

1976

Secure Homes acquired through acquisition of Chancery Trust

1981

Takeover of Arbuthnot Latham by Dow Scandia Banking Corporation

1982-1989

1985

Secure Homes sold to Henry Angest in MBO

1986

Savory Milln acquired Dow Banking Corporation sold to Royal Trust of Canada with Arbuthnot Latham acquired by Nordbanken

1988

Arbuthnot Latham acquired by New Zealand Insurance Secure Trust Group plc joins the stock market

1990-2016

1990

Arbuthnot Fund Managers business acquired by Secure Trust Group

1994

Aitken Hume Bank acquired

2003

Old Mutual Securities acquired and renamed Arbuthnot Securities

2004

Ropemaker Street acquired to become Arbuthnot head office

2005

Secure Trust Group becomes Arbuthnot Banking Group and listing moved to AIM

2008

175 year Arbuthnot Jubilee

2011

Secure Trust Bank quoted on London Stock Exchange

2012

Sale of Arbuthnot Securities to Westhouse

2012

Acquisition of Everyday Loans

2012

Freehold of Wilson Street acquired as new Arbuthnot Banking Group Headquarters

2013

Arbuthnot Latham celebrates 180 year anniversary

2013

Arbuthnot Latham establishes first international office in Dubai, UAE

2013

V12 Finance Group acquired

2013

Acquisition of Debt Managers

2014

Arbuthnot Banking Group moves to Wilson Street

2016

Disposal of Everyday Loans

2016

Arbuthnot Banking Group reduces shareholding in STB from 51.9% to 18.9% and raises £150m

 

 



There is no gold beneath the streets of London. There is no copper or zinc or oil, and much to my disappointment it turns out that we don’t even have any shale gas to frack.
 
All we have is talent and imagination, and a spirit of enterprise that means London is still the financial and commercial capital of Europe – if not the world – with more people involved in the banking sector here than in New York.
 
The story of London’s rise to global eminence is in many ways the story of Arbuthnot Latham – a bank founded in 1833, and which financed everything from coffee plantations in Ceylon to gold mining in South Africa to banana growers in Jamaica.
 
I am delighted to say that 180 years later the bank is not only alive but flourishing – proof of the resilience of financial services in London. We will always need bankers with drive and imagination – not just to finance banana growing, but the infrastructure we need, the medical and scientific breakthroughs that will improve the fate of our species.
 
Congratulations to Henry Angest, who joins an illustrious line of Londoners who have come from abroad to build up financial institutions, and I have 
no hesitation in commending this excellent book.
 



Boris Johnson
Mayor of London (2008-2016)
 
 
Foreword from 'Arbuthnot Latham. From Merchant Bank to Private Bank
(1833-2013)' by David Lascelles.







 

Economic Perspectives

Ruth Lea CBE, Economic Adviser to the Arbuthnot Banking Group, discusses the latest economic developments.