Edinburgh and London-based private bank Hampden & Co has appointed Tracey Davidson of Handelsbanken UK as its new chief executive officer.

She will replace Graeme Hartop, who is retiring after 11 years in the role. Davidson will join the bank in the autumn when Hartop will step down.

“Tracey will join from Handelsbanken UK where she is deputy CEO, having joined from Barclays in 2003 to expand banking operations in the UK,” said Hampden.

“Tracey is also chair of Handelsbanken Wealth & Asset Management and a board member at the Personal Investment Management & Financial Advice Association (PIMFA).”

Hampden & Co chair Simon Miller said: “We are delighted Tracey is joining Hampden & Co as our new CEO.

“She was the outstanding candidate in a very strong field and she is very well respected in the market, among peers and by clients and professional intermediaries.

“Graeme has led the bank through launch to profitability with record levels of deposits, lending and client numbers.

“We wish him great success in the next phase of life and thank him for his commitment, leadership and vision in building strong foundations for Hampden & Co.”

Davidson said: “Hampden & Co has an excellent reputation for delivering a highly personalised banking service for clients, their families and businesses.

“It has significant ambitions for the future and I look forward to leading the bank to further success.”