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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, Chancellor of Reading University, Chairman of the Royal Mint Advisory Committee and a non-executive director of GW Pharmaceuticals plc. Lord Waldegrave owns a dairy farming business in Somerset, Waldegrave Farms Ltd, and 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.

Peter is proud to be a member of the 30% Club, aiming to accelerate progress of gender balance across all levels of organisations.



Non-Executive Director

Francesca Barnes

Francesca joined Coutts as a non-executive director in 2012.

Francesca retired in 2008 from a 27 year career in finance. She held a number of senior roles within UBS Investment Bank including Global Head of Private Equity; Head of Strategy and Development; Global Loan Portfolio Manager and Chair of the UBSIB Development Board. Francesca started her career at Chase Manhattan Bank which she left in 1991 for an 18 month leave of absence to travel extensively.

Francesca now pursues a portfolio in both the commercial and voluntary sectors. She is an independent non-executive director of NatWest Holdings Limited, The Royal Bank of Scotland plc, National Westminster Bank Plc and Ulster Bank Limited, which, like Coutts, are part of the RBS Group’s ring-fenced bank, and holds non-executive roles at Harbourvest Global Private Equity and Capvis Private Equity. She is also Chair of Trustees for Penny Brohn UK and a council member of the University of Southampton.

Francesca holds a BA Hons (Oxon) in Geography from St Hugh's College, Oxford



Non-Executive Director

Mark Lund

Mark Lund joined Coutts as Non-Executive Director in 2015.

Mark has almost 30 years' experience in the financial services sector and has operated at Director/CEO level for more than 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 GB Snowsport, the national governing body for elite snowsports athletes; he is Vice Chairman of the Skipton Building Society 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.



Linda Urquhart OBE

Linda has over 30 years experience in the legal industry as a former partner, CEO and Chairman of Scottish law firm, Morton Fraser.

She is currently a Non-Executive Director of Edinburgh Airport. She was formerly Chairman of This is Remarkable, a non-executive Director of Adam & Co and is a former board member of the CBI and Scottish Enterprise. She was awarded an OBE for services to business in 2012.

In the charitable sector, Linda is a Trustee of Marie Curie and the Royal Scottish Academy Foundation and is President of Girlguiding Scotland.


finance Director

Andrew Kyle

Andrew joined Coutts as Finance Director in January 2019.

Andrew started his career with Co-operative Financial Services, qualifying as a member of the Chartered Institute of Management Accountants (CIMA) in 2004 and became an Associate member of the Association of Corporate Treasurers in 2006.

He joined RBS Global Banking and Markets (GBM) in 2006 and over the next 8 years carried out a number of roles including Capital & Balance Sheet Management, Regulatory Operating Officer, Head of Resources Management. In 2015 Andrew moved to the Commercial Banking finance team to head up the Business Partnering team supporting Product and Capital & Transaction Management.

Andrew has extensive experience within finance and banking, across multiple disciplines including Financial Control, Treasury and Asset & Liability Management, Capital Management, Executive Support and Business Partnering.

Andrew has a first class honours degree in Finance and Accounting, is married to Rachel and together they have 4 children. Andrew enjoys skiing and triathlons.


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