Adam & Company – Understanding our brands

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.


Adam & Company – Understanding our brands

Understanding our brands’ is a series of articles providing an overview of each of our brands. Here we look at Adam & Company, the bank that at just 33 years old is the youngest amongst all RBS’ brands.

Our news

15 December 2016

Scottish philosopher Adam Smith is the namesake behind Adam & Company.

 

Adam & Company was founded in 1983 in Edinburgh by a group of influential business people including Sir Iain Noble, the 3rd Baronet of Ardkinglas and Eilean Iarmain.

The bank aimed to provide high-quality Scottish-based banking and investment management services for wealthy clients, and opened its first branch in Edinburgh’s Charlotte Square on 29th May 1984.

This was the first retail bank set up in Scotland since 1844 and was immediately successful, building strong personal relationships with clients and producing detailed computer-generated account statements in the 1980s.

Today, the bank continues to offer high quality, Scottish-based investment management, private banking and financial planning to high-net worth clients. It is the first bank-owned investment manager ever to win an investment performance award: the Best Defensive Portfolio at the PAM (Private Asset Management) Awards in 2014.
 

Did you know?

  • The name Adam & Company derives from the prominent 18th Century Scottish economist, Adam Smith, and it is testament to the bank’s strong Scottish heritage. Smith revolutionised economic theory in 1776 with the publication of ‘An Inquiry into the Nature and Causes of the Wealth of Nations’ and Edinburgh soon became known as the birthplace of Scottish enlightenment.

  • In 1986, the bank gained a branch in London, when they acquired Continental Trust (the private office of a wealthy European family). The following year another branch opened in Glasgow and by 1989 the brand employed more than 100 people, with £96 million in deposits and £40 million advances.
  • In 1993, Adam and Company was acquired by RBS. The brand retained its own identity and operated independently with a separate Board of Directors until 2000 when Adam & Company was placed in the RBS Wealth Management division, alongside Coutts.

 

History of logo:

Scottish philosopher Adam Smith is the namesake behind Adam & Company, and his bust is used on the private bank’s logo.

Posted In

Our news

Tagged

2016

Related articles

Holt’s – Understanding our brands

'Understanding our brands’ is a series of articles providing an overview of each of our brands. Here we look at Holt’s, the bank that looks after the banking needs of serving military personnel.

Child & Co. – Understanding our brands

'Understanding our brands’ is a series of articles providing an overview on each of our brands. In this piece we look at Child & Co., one of the oldest private banks in the UK.

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Set Tab for lightbox