Weatherbys Private Bank

What Weatherbys Private Bank does

Weatherbys Private Bank is a UK-authorised relationship-led private bank, part of the Weatherbys Banking Group (family-owned since 1770), operating through three divisions: Weatherbys Private Bank, Weatherbys Business Bank, and Weatherbys Racing Bank, supported by asset finance subsidiary Arkle Finance. The bank serves high-net-worth individuals, SMEs and specialist organisations (charities, schools, partnerships, VC funds), and racing industry professionals, with deep specialisation in bloodstock finance and agriculture. Its product set spans current and deposit accounts, FX, lending and mortgages, a charge card, and an investment and wealth advice service covering financial planning, tax planning, and investments — with execution-only trading delivered through a partnership with Saxo Markets across 50 international markets and 46 countries. The operating model is direct and relationship-managed, with dedicated private bankers in four UK offices (Wellingborough HQ, London Mayfair, Edinburgh, Manchester), supplemented by event-led client acquisition at Royal Ascot, Cheltenham Festival, and the Creating The Future conference.

The business generates revenue through a mix of net interest income on the lending book (over £1bn in 2025) and deposit franchise (over £1.9bn, up 11% year-on-year), foreign exchange margins, account and transaction fees, and fee-based investment and wealth advisory income. Pricing is bespoke and quote-based rather than publicly disclosed, with a published base rate of 3.75% and Business Bank savings products positioned close to the Bank of England base rate. As of 2025, total assets exceeded £2bn, investment assets under advice grew 30%, and the bank reported an NPS of 84 against a UK banking average of 30 — alongside Citywealth Magic Circle Private Bank of the Year 2026, four inclusions in the Spear's 500 Wealth Management Index, and the ARC 3D transparency award in both 2025 and 2026. In 2025 the group divested its insurance joint venture Weatherbys Hamilton LLP to Brown & Brown (Europe), refocusing the franchise on core banking.

Name

Weatherbys Private Bank

Legal name

Weatherbys Bank Limited

Website

https://weatherbys.bank

Company type

Private

Founded year

1770

Operating status

Operating

Headcount range

251–500 employees

Short description

Weatherbys Private Bank is a UK-authorised, relationship-led private bank serving high-net-worth individuals, SMEs and racing industry professionals through dedicated bankers in four UK offices, offering banking, lending, FX, and investment and wealth advisory services as part of the Weatherbys Banking Group (founded 1770).

Ownership category

akta.pro rank

Headquarters

HQ city

Mayfair

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Private Banking Services: Weatherbys Private Bank generates revenue through day-to-day banking fees, foreign exchange margins, lending (mortgages and loans), and bespoke deposit accounts. Wealth management and investment advisory services (Investment & Wealth Advice) contribute additional fee-based income. The bank also earns interest income on lending balances and treasury products.
2. Business Banking Services: Business Bank revenue derives from business current accounts, deposit accounts, foreign exchange services, and treasury products (including competitive interest-bearing deposit products). Specialist services for charities, schools, venture capital funds, and partnerships also contribute.
3. Racing Banking Services: Weatherbys Racing Bank provides specialist accounts for racehorse owners and industry professionals, including individual and shared accounts, racing payment services, foreign exchange, and VAT return services. Revenue comes from account fees, FX margins, and transaction-based services specific to the racing industry.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Weatherbys is a family-owned UK private bank providing relationship-managed banking, lending, foreign exchange, and deposit services alongside investment and wealth advisory (financial planning, tax planning, investments). It operates three divisions — Private Bank, Business Bank, and a specialist Racing Bank serving the horse racing industry.

Product overview

Weatherbys Private Bank operates as a unified banking group comprising three core divisions: the Private Bank (personal banking, lending, foreign exchange, and wealth management services), Business Bank (commercial banking for SMEs, charities, schools, and venture capital funds), and Racing Bank (specialist financial services for the horse racing industry). The group also includes asset finance subsidiary Arkle Finance. The bank offers a comprehensive suite of current accounts, deposit accounts, lending products, investment and wealth advice services, and specialist sector-specific banking services for clients including entrepreneurs, farmers, artists, sports professionals, and racing industry participants. A notable partnership with Saxo Markets provides clients with direct access to international markets for investment management.

Differentiator

Problem solved

Functional benefit

Products and services

• Weatherbys Private Bank Private banking service for high-net-worth individuals offering day-to-day banking, foreign exchange, flexible lending, bespoke deposit accounts, and advice on tax, investments, estate and wealth planning.
• Weatherbys Business Bank Commercial banking providing fully relationship-managed banking, current and deposit accounts (including treasury products with competitive interest), and foreign exchange, with specialist services for partnerships, LLPs, trusts, charities, schools, clubs and venture capital funds.
• Weatherbys Racing Bank Specialist banking for the horse racing industry serving racehorse owners and industry professionals, including individual and shared accounts, racing payment services, foreign exchange, and VAT return services.
• Investment and Wealth Advice Advisory service covering financial planning, tax planning and investments for private clients, including access to gilts and international markets via a Saxo Markets partnership.
• Lending and Mortgages Flexible lending solutions including mortgages and property financing for private clients.
• Deposit Accounts Bespoke deposit accounts offering competitive interest rates for private clients.
• Weatherbys Charge Card A charge card product for private banking clients.
• Foreign Exchange Currency exchange services for private, business and racing banking clients, including FX for international horse purchases.
• Racehorse VAT Return Service Specialist VAT return service for racehorse owners.
• Racing Payment Service Payment services specifically designed for the racing industry.
• Arkle Finance Asset finance company and subsidiary of Weatherbys Banking Group providing asset finance services.

Quantifiable outcome

• NPS score of 84 — world-class client satisfaction, compared to a UK banking average of 30
• +3 more outcomes

Segments10 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Nine partnerships are on record, tiered core and minor.

• Saxo MarketscoreTechnology or Integration · 1 January 2025Weatherbys partnered with Saxo Markets to enable Private Bank clients to manage investments directly through Saxo's platform, which offers access to 50 international markets across 46 countries and a broad range of asset classes. This partnership broadened the bank's investment offering and execution capabilities without building proprietary trading infrastructure.
• Alzheimer's Research UKminorOthers · 1 January 2024Weatherbys' national charity partner for 2024/25, selected by staff. The partnership supports dementia research and awareness. Weatherbys colleagues have shared personal experiences with dementia. Fundraising initiatives have included skydiving, mountain climbs, and running events. The Creating The Future Foundation has supported the charity through match funding.
• Rock TrustminorOthers · 1 January 2024Scotland's youth homelessness charity, chosen as a Weatherbys charity partner for 2024/25. Weatherbys colleagues in Scotland have supported the trust through fundraising events including bungee jumping and running events around the Kelpies.
• City HarvestminorOthers · 1 January 2024London-based food waste charity that collects surplus food and delivers meals to those in food poverty. Weatherbys colleagues from Wellingborough and London offices have volunteered with City Harvest, helping pack and deliver food parcels. The charity has delivered over 50 million meals since 2014.
• The Daylight CentreminorOthers · 1 January 2024Based in Wellingborough (Weatherbys' hometown), The Daylight Centre assists disadvantaged adults including those sleeping rough or in vulnerable housing. Weatherbys colleagues have volunteered with weeding, digging, food bank support, and collection drives.
• Chelsea College of ArtsminorStrategic or Co-development PartnerWeatherbys Private Bank collaborates with Chelsea College of Arts (part of University of the Arts London) to exhibit graduate artwork at the bank's Sackville Street office in Mayfair. The initiative provides emerging artists with professional exhibition experience while introducing Weatherbys' clients to new artistic talent. The exhibition runs for four to five months.
• Camberwell College of ArtsminorStrategic or Co-development PartnerSimilar to the Chelsea College partnership, Weatherbys partners with Camberwell College of Arts to showcase graduate artwork at its London office, rotating exhibitions of emerging artists across both institutions.
• Arkle Finance LimitedminorOthersArkle Finance Limited is a subsidiary of Weatherbys Bank and is listed as a related group company alongside Weatherbys Ltd. It provides asset finance services and is part of the broader Weatherbys Banking Group offering.
• Weatherbys Creating The Future FoundationminorOthersEstablished in 2007, the Creating The Future Foundation supports match funding for colleagues' charitable fundraising and has donated over £100,000 in 2024 and £115,000 in 2025. It supports initiatives spanning rehabilitation, mental health, therapy for children with disabilities, autism support, tree planting, clean water projects, and literacy programmes globally.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Kleinwort Hambros: UK private bank owned by Société Générale, focused on HNW wealth management, investment advice and banking. Comparable in multi-jurisdictional HNW wealth advisory and overlaps with Weatherbys' expat and US citizen specialisms.
• C. Hoare & Co: Family-owned UK private bank dating from 1672, serving HNW clients with banking and wealth services. Comparable as a long-heritage, relationship-led UK private bank; ranked alongside Weatherbys in Spear's 500.
• Coutts: UK private bank owned by NatWest Group, serving HNW and ultra-HNW clients with banking, lending and wealth management. Direct head-to-head competitor in UK relationship-led private banking, and notably Weatherbys' Manchester expansion brought in a former head of Coutts Manchester.
• Hampden & Co: Independent UK private bank founded 2010, focused exclusively on HNW clients with relationship-led banking and lending. Closest peer in scale and positioning to Weatherbys' Private Bank, with similar product mix and client profile.
• Arbuthnot Latham: UK private and commercial bank owned by Arbuthnot Banking Group, offering relationship-led banking, lending and wealth management to HNW individuals and SMEs. Direct competitor across Weatherbys' Private and Business Bank divisions.
• Adam & Company: Scottish private bank (NatWest Group) serving HNW clients with banking, investment management and financial planning. Direct peer in Weatherbys' Scottish/Edinburgh corridor with comparable private banking proposition.

Broad incumbents

• Rathbones Group: UK-listed wealth manager providing investment management, financial planning and advisory services to HNW individuals, charities and intermediaries. Comparable in the wealth advisory segment where Weatherbys is growing AUA 30% per year.
• Barclays Private Bank: UK private bank within Barclays, providing banking, lending and wealth management to HNW clients. Larger incumbent competitor serving the same UK HNW and entrepreneur segments as Weatherbys' Private Bank.
• HSBC Private Bank: Global private banking arm of HSBC serving HNW and UHNW clients with banking, lending and wealth management. Larger, broader incumbent that competes for the same UK HNW and expat client base, though not UK-specialist.

Others

• Brown & Brown (Europe): US-headquartered insurance broker that acquired Weatherbys Hamilton LLP in 2025. While not a banking peer, it absorbed Weatherbys' bloodstock and private client insurance arm, making it a strategic counterparty in the Weatherbys ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/weatherbysbank
• Xx.com/Weatherbys_Bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Weatherbys Private Bank