Scoban lures Adam’s Vaughan

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Fledgling private bank Scoban has lured yet another Adam & Co director to its management team.

Jeremy Vaughan will join the bank as managing director of its London office, reporting to Graeme Hartop, who joined Scoban in January.

Last month former Adam & Co chairman Ray Entwistle revealed the bank would seek £30 million from investors, which will start once it is granted a licence by regulators in May. The bank is expected to open its doors next year.

Scoban has appointed a number of former Adam & Co veterans, including chief operating officer Stuart Alexander, chief information officer Ian Jones, human resources manager Grace Mitchell and facilities director Alan Young.