Exceptional service sits at the heart of Coutts. A business that has been built on understanding the dynamics of wealth, Coutts has a clearly defined proposition aligned to the needs of its private and commercial clients.
With a thriving network of experts, influencers and pioneers, being a client of Coutts opens doors to many opportunities. Powerful insight, extensive connections and carefully crafted events inspire, empower and challenge those Coutts works with.
With a deep understanding of the links between clients’ personal and professional lives, continuous dialogue underpinned by intelligent relationships ensures specialist advice and solutions, throughout the evolution of their wealth.
Coutts has won a number of industry awards and was recognised as Outstanding Private Bank UK and Outstanding Private Bank for Philanthropy Proposition by the Private Banker International London Awards 2016, as well as winner of the Investment Product or Service Innovation at the PAM Awards 2016.
History of Coutts
Coutts has a rich and colourful history spanning more than 300 years which underpins the business’s values and unique approach to managing the needs of clients at every stage of their wealth.
Coutts was founded in 1692 by John Campbell. Thomas Coutts joined the business in 1761 and is widely credited with instilling the qualities of trust, understanding and expertise that continue to drive Coutts today.
When Thomas died in 1822, his estate and a 50% share in the bank passed to his second wife, Harriot, and the business assumed the name Coutts & Co. As senior partner, Harriot (later Duchess of St Albans) took an active interest in the business, deciding that her fortune should be passed to a family member at her death.
Consequently, in 1837, Angela Burdett – who at 24 was the youngest of Thomas’s grandchildren – inherited the interest in a trust that included the half-share in the bank.
Angela devoted much of her inheritance to philanthropy, helped by notable aides like Charles Dickens – a legacy that The Coutts Foundation builds on today.
Coutts became an unlimited liability company in 1892 and in 1919, amalgamated with the National Provincial & Union Bank of England Ltd in order to take full advantage of the post-war market and compete with larger banks.
The merger of the Westminster Bank and the National Provincial in 1969 saw Coutts form part of the larger NatWest group. In 1987, Coutts gained international representation when it first established operations in Geneva.
In 2015, Coutts announced the sale of its Swiss bank, Coutts & Co. Limited in line with a strategic focus on the key markets of importance to clients. Today, Coutts maintains a strong focus on meeting the needs of international clients with an affinity to the UK.
- Coutts is the Official Partner of the Land Rover BAR Team America's Cup, a partnership which brings to life the entrepreneurial spirit that is part of Coutts DNA, a passion for innovation and recognition that teamwork is crucial for success.
- The mission of The Coutts Foundation is to support sustainable approaches to tackle the causes and consequences of poverty, focusing on the communities in which Coutts has a presence. This mission builds on the legacy of Angela Burdett-Coutts, the granddaughter of Thomas Coutts, who was a progressive 19th century philanthropist concerned with breaking cycles of poverty and providing basic human needs. At this time, the core focus of the Foundation is supporting women and girls in the UK.
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