Drummonds is one of Britain’s oldest private banks, providing personal, private and business banking services to clients in the UK. As well as offering the traditional private banking services, today Drummonds is also one of only a handful of banks chosen by Camelot to provide a specialist banking service for UK lottery winners.
Its abiding principle, devised in 1792, ‘to make the welfare of the customer the first object’, is as relevant today as it was when Andrew Drummond began offering banking services in 1717.
Over the years, Drummonds has looked after the private banking affairs of some of the most illustrious names in British history, from prime minister Benjamin Disraeli and engineer Isambard Kingdom Brunel to King George III. Its diverse clientele has included writers, artists, architects, furniture makers, engineers, scientists, aristocrats, royalty, bishops and statesmen. Josiah Wedgwood, the celebrated potter, was one the bank’s clients.
These days, Drummonds is known for providing a discreet and professional banking service to its customers, from its beautiful branch situated near Admiralty Arch, close to the entrance to The Mall. Drummonds enjoys a loyal customer base; many customers banking with the bank throughout their lives, as their parents and grandparents did before them.
Drummonds traces its origins to a goldsmithing business established in around 1712 by Scottish goldsmith Andrew Drummond at the sign of the golden eagle on the east side of Charing Cross. By 1717 he had also developed a banking business. From the beginning, Andrew knew the importance of establishing close relationships and personal service.
In 1760 the firm moved to a banking house on part of the bank’s current site on the west side of Charing Cross. Andrew Drummond died in 1769 and the business was later managed by members of three branches of the Drummond family.
In 1924 the bank known by then as Messrs Drummond was acquired by Royal Bank of Scotland - its first acquisition south of the border. Drummonds continued to operate as an independent branch office under its own name managed, until the 1960s, by a local board of directors.
Did you know?
Designed in 1992 the logo was partly based on a goshawk, the emblem of the Drummond family. It also reflects the fact that by 1712 the bank's founder, Andrew Drummond, had begun trading as a goldsmith at the sign of the golden eagle at Charing Cross in London.
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