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Coutts & Co


The Board of Coutts & Co is the principal decision-making forum for the company.  It has overall responsibility for leading and controlling the company, and is accountable for its financial and operational performance.close



Lord Waldegrave of North Hill

Lord Waldegrave was educated at Eton College, Corpus Christi College, Oxford and Harvard. Having worked in the Central Policy Review Staff in the Cabinet Office between 1971 and 1973, he became Political Secretary to the Prime Minister, Edward Heath. After a spell working in industry for GEC Ltd, he was elected to the House of Commons as Member of Parliament for Bristol West in 1979. He was made a Minister in 1981, and served continuously until 1997, including terms as Minister of State at the Department of the Environment, and at the Foreign Office. At Cabinet level he served as Secretary of State for Health, Chancellor of the Duchy of Lancaster, Minister of Agriculture, and Chief Secretary to the Treasury.

After losing his Commons seat in 1997, Lord Waldegrave entered the House of Lords as Baron Waldegrave of North Hill. From 1997 he worked successively at Dresdner Kleinwort Benson and UBS, and held non-executive posts at the Bank of Ireland (UK) plc and Fleming Family and Partners. He is currently Provost of Eton College, Chairman of Biotech Growth Trust plc, and Chairman of the Royal Mint Advisory Committee. He owns a dairy farming business in Somerset, Waldegrave Farms Ltd, and is Chairman of the antiquarian bookseller, Henry Sotheran & Co. He is married to Caroline Waldegrave, cookery writer and co-founder of Leith’s School of Food and Wine. They have four children.



Chief Executive

Peter Flavel

Peter joined Coutts as Chief Executive in March 2016.

Before joining Coutts, Peter held the role of Chief Executive Officer of J.P. Morgan Private Wealth Management, responsible for overseeing and expanding the high net worth business and client base in Asia Pacific. He was a member of the Wealth Management Global Operating Committee. Peter also spent nine years with Standard Chartered, establishing their Global Private Bank in 2006.

In 2012 he was named Outstanding Private Banker – Asia Pacific by PBI. Most recently he was voted ‘Best Leader in Private Banking 2015’ at the PWM/The Banker Global Private Banking Awards.

Peter holds degrees in Law and Economics and has attended the Advanced Management Programme at both Harvard Business School and the University of Oxford.



Non-Executive Director

Francesca Barnes

Francesca joined Coutts as Non-Executive Director in 2012.

Francesca holds a BA Hons (Oxon) in Geography from St Hugh’s College, Oxford. She has previously held a number of senior roles within UBS Investment Bank, including Global Head of Private Equity, Global Risk Manager; Head of Strategy and Development and Chair of the UBS Investment Bank Development Board.

Francesca currently holds a number of advisory roles, including as a Non-Executive Director at Capvis GP, a Swiss and German Private Equity business; as Chair of Governors of the Bridge Academy in Hackney and as Chair of Trustees for Penny Brohn Cancer Care.



Non-Executive Director

Mark Lund

Mark joined Coutts as Non-Executive Director in 2015.

Mark Lund has almost 30 years' experience in the financial services sector and has operated at Director/CEO level for the last 15 years in both plc and private businesses in the UK and internationally. He is a former CEO of St James’s Place plc and has also had a spell on secondment as the CEO of Virgin Direct. Prior to this he was a Director of Henderson Investors plc.

In 2012, Mark was appointed by the Cabinet Office to chair the employee benefit trust of My CSP Ltd. He also sits on the main board of My CSP, which is responsible for administering pensions payments to more than 1.5 million UK public sector employees. In addition, Mark is the Vice Chairman at British Ski and Snowboard Ltd, the national governing body for elite snowsports athletes; Non-Executive Director of Skipton Building Society’s financial advice business and Chairman of Equiniti’s regulated financial services businesses.

Mark has a Masters degree in Transport Economics from the University of Leeds. He is a Chartered Fellow of the Chartered Institute for Securities & Investment. Married with three children, he is a keen cyclist and skier.



Finance Director

Mike Regan

Mike joined Coutts as Finance Director in 2016.

Mike qualified with PwC in 2003 as a member of the Institute of Chartered Accountants of Scotland (ICAS). He subsequently gained extensive experience across both practice and the financial services industry in roles across London and Asia Pacific. He joined RBS Global Banking and Markets (GBM) in 2010 and over the next four years carried out a variety of roles in Markets & International Banking, including Head of Business Risk and Control for EMEA Banking, Head of Regulatory Developments and Head of Strategy for International Banking. In 2014 Mike returned to Finance, supporting the transition of the newly appointed Finance Director to Commercial & Private Banking, before leading the Finance team on cost and capital management for the franchise.

Mike Regan also serves as Finance Director and board member of Adam & Company.

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