Entrepreneur Anthony Thomson, who previously co-founded and chaired Atom Bank and Metro Bank, is set to launch a new global banking institution specifically designed for and owned by family offices and ultra-high net worth individuals (UHNWIs).
Announcing the news on LinkedIn, Thomson writes that his latest venture will be called Family Offices Bank.
“Over the past 18 months, I’ve spoken with family offices around the world. The message was loud and clear: their needs have evolved but their banks haven’t. Too many family offices and UHNWIs are oversold, underserved, misunderstood, or treated like an afterthought,” Thomson says.
He writes that the new bank is planning to launch in 2026 and is currently in the process of raising capital, adding that early interest in the venture “has been extraordinary”.
The bank’s executive leadership team includes several industry veterans: Stuart Grimshaw, former executive at Commonwealth Bank of Australia; Sudip Dasgupta, former CTO of Monument; current Tandem Bank chair Paul Pester; and former Barclays exec Samantha Bamert.
Family Offices Bank intends to leverage AI technology to deliver enhanced personalisation compared to traditional banking services for its selected clientele.
Thomson also highlights the institution’s differentiated ownership structure: “Our clients will also be our shareholders, meaning they share in the value they create. That means no exit pressure. No misaligned incentives. Just a structure that puts families and their legacy first.”
According to a Financial Times report, Thomson plans to raise £500 million over five years to establish the new bank, with its headquarters located in either Jersey, Singapore, or the UAE, with the final location decision expected later this year.
Source: https://www.fintechfutures.com/
