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Weatherbys Private Bank to expand Scottish Business

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Weatherbys Private Bank is planning to expand its Scottish presence on the back of increased levels of business it is seeing following the Brexit vote, writes Perry Gourley on scotsman.com.

The move by the bank, which caters for clients with a net worth of £3 million or an annual income of over £300,000, comes just weeks after it opened a new office in Edinburgh.

Duncan Gourlay, the former Barclays Wealth private banker who heads up Weatherbys’ Scottish operation, said there had been a “flurry of interest” following the Brexit vote from overseas buyers looking to invest in Scotland. Family-owned Weatherbys moved into the Scottish market in 2013 and Gourlay said: “After a cautious entry into the highly competitive Scottish market, I am pleased to report that our distinctive private banking offer has allowed us to stand out from our peers. “To cope with burgeoning demand, we plan to grow our team as we accelerate the business.”

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